A Decrease in Supply Is Caused By

question 42

Multiple Choice

A decrease in supply is caused by:

• A) a decrease in resource prices.
• B) a decrease in the number of sellers in the market.
• C) suppliers' expectations of lower prices in the future.
• D) an advancement in the technology for producing the good.

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Definitions:

Consistent

Characterized by conformity to the same principles or course of action over time.

Immediate

Occurring or done at once; instant.

Related

Being connected or associated with, especially by blood or marriage, or in context, pertaining to related subjects or themes.

Self-reliant Children

Children who have developed the ability to depend on their own skills and resources for solving problems and meeting needs.