Which of the Following Would Cause a Decrease in the Supply

question 151

Multiple Choice

Which of the following would cause a decrease in the supply of milk?

• A)an increase in the price of cookies (assuming that milk and cookies are complements)
• B)a decrease in the price of milk
• C)an increase the price of a product that producers sell instead of milk
• D)an increase in the number of firms that produce milk

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Definitions:

Communications Facilities

Infrastructure and equipment used for the transmission, emission, or reception of signs, signals, writing, images, sounds, or information of any nature by wire, radio, optical, or other electromagnetic systems.

Industrial Plants

Facilities that contain machinery and equipment for manufacturing or processing goods and materials.

Lack of Infrastructure

Refers to the insufficiency or absence of physical and organizational structures and facilities required for the operation of a society or enterprise.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the rate of increase in real GDP.