Select the Phrase That Correctly Completes the Following Statement

question 267

Multiple Choice

Select the phrase that correctly completes the following statement."A decrease in the number of manufacturers caused a decrease in the supply of sailboats.As a result, ________."

• A)the price of sailboats increased and the demand for sailboats decreased
• B)the equilibrium quantity of sailboats increased
• C)the price of sailboats increased and the quantity demanded of sailboats decreased
• D)the price of sailboats increased and the higher price caused the supply of sailboats to increase

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Definitions:

Bystanders

Individuals who are present at an event or incident but do not take an active role in its outcome.

Audiences

Groups of listeners, viewers, or spectators that observe, follow, or listen to a particular event, performance, or communication.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Negotiator

A person involved in discussions aimed at reaching an agreement or resolving a dispute between parties.