Which of the Following Factors Will Lead to a Decrease

question 69

Multiple Choice

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

• A)A fall in the current price of a good or service
• B)A technological advance that decreases production costs
• C)A decrease in the price of inputs to the production process
• D)A belief that the price of a good or service will go up in the future

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Definitions:

Required Disclosure

Information that companies are mandated to provide in their financial statements to ensure transparency and adherence to accounting standards and regulations.

Software Production Costs

Expenditures associated with the development or acquisition of software, which may be capitalized and amortized over its useful life if it meets specific criteria.

Technological Feasibility

The point at which a company can demonstrate that a new technology can be reliably produced at a scalable level.

Expense

An outflow of cash or other valuable assets from a person or company to another entity in exchange for goods or services or as a cost for generating revenue.