Which of the Following Will Lead to a Decrease in Supply

question 113

Multiple Choice

Which of the following will lead to a decrease in supply of a good?

• A) an increase in the price of the good
• B) an increase in consumer incomes
• C) an increase in the price of an important resource used to produce the good
• D) a technological advance that lowers the cost of producing the good

Analyze the probability of events in continuous time intervals.

Utilize mathematical principles to derive probabilities for given scenarios.

Interpret statistical data to make informed decisions in specific contexts.

Understand the concept of random, independent events and their implications on probability.

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Definitions:

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue by comparing sales with total assets.

Current Ratio

An indicator used to evaluate whether a business can meet its short-term financial liabilities, calculated through the division of its current assets by its current liabilities.

Return on Equity

A financial ratio measuring the profitability of a business in relation to the equity held by the shareholders.

Asset Turnover

A ratio determining the efficacy of a company's asset utilization in creating sales revenue.