The Price of Peaches Has Fallen Dramatically

question 170

Multiple Choice

The price of peaches has fallen dramatically.Which of the following is likely to happen?

• A) The quantity of peaches supplied will decrease.
• B) The quantity of peaches supplied will increase.
• C) The supply of peaches will decrease.
• D) The supply of peaches will increase.

---

Definitions:

Disposable Income

Post-tax income that households can allocate towards savings and expenses.

Consumption Spending

The total amount of money that households spend on goods and services within a certain period.

Disposable Income

Income available to households for saving and expenditure post-income tax deductions.

Consumption

The action or process of using goods and services for personal, household, or organizational needs.