If the Supply of a Good Decreased, What Would Be

question 167

Multiple Choice

If the supply of a good decreased, what would be the effect on the equilibrium price and quantity?

• A) Price would increase, and quantity would decrease.
• B) Price would decrease, and quantity would decrease.
• C) Price would increase, and quantity would increase.
• D) Price would decrease, and quantity would increase.

Understand the utility of financial ratios in assessing a borrower's default risk and a company's performance.

Grasp the concept and application of different types of financial analyses such as benchmark comparison, time-series, and cross-sectional analyses.

Comprehend the impact of profitability on default risk.

Recognize the tax implications of debt financing.

---

Definitions:

Researcher's Hypothesis

A statement or prediction that a researcher sets out to test through experimental or observational study.

Cues

Signals or stimuli that trigger a reaction or encourage a specific response or behavior in humans or animals.

Natural Selection

The process whereby those members of a species that survive and reproduce most effectively are the ones that pass along their genes to future generations.

Evolutionary Theory

Theory of sexuality asserting that the sex drive has been shaped by natural selection and that its forms thus tend to be innate.