The Decrease in the Number of Sellers of a Good

question 199

Multiple Choice

The decrease in the number of sellers of a good would

• A)move its supply curve to the right.
• B)move its supply curve to the left.
• C)cause a movement along the supply curve to a (higher price, higher quantity)point.
• D)cause a movement along the supply curve to a (lower price, lower quantity)point.

Recognize the prevalence and implications of gender and sexual orientation prejudices.

Understand the consequences of societal biases on minority and marginalized groups.

Understand the impact of technological innovations and internet access on American society and the global economy.

Identify key political figures and their roles in shaping U.S. and international policies during the late 20th century.

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Definitions:

Express Warranty

A seller's promise or guarantee to a buyer that a product will meet specified quality and performance standards.

Implied Warranties

Refers to unspoken, unwritten guarantees assumed for a product or service under the law.

Incidental Damages

Additional expenses incurred by one party as a result of another party's breach of contract.

Breach of Contract

The failure, without legal excuse, to perform any promise or fulfill any term of a contract or agreement.