Assume That the Price for Lawn Care Has Fallen and Sales

question 217

Multiple Choice

Assume that the price for lawn care has fallen and sales of lawn care services have also fallen.One can conclude that

• A)the law of supply has been violated.
• B)the number of lawn care service companies has increased.
• C)the demand for lawn care service has decreased.
• D)lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns.

---

Definitions:

Uniform Business Act

The Uniform Business Act is a standardized set of laws designed to regulate business and commercial transactions across different jurisdictions in a consistent manner.

Uniform Commercial Code

The Uniform Commercial Code is a comprehensive set of laws governing all commercial transactions in the United States.

Joint Proprietorship

A business ownership structure where two or more individuals share the ownership, responsibilities, and liabilities of the business.

Partnership

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.