Which of the Following Factors Causes a Decrease in Supply

question 232

Multiple Choice

Which of the following factors causes a decrease in supply?

• A) a decrease in demand
• B) a decrease in the price of the product
• C) an increase in the price of the product
• D) new taxes on output

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Definitions:

College Graduates

Individuals who have completed a degree program at a college or university.

High School Education

The stage of formal learning typically occurring after primary education and before tertiary education, usually for adolescents.

Income Mobility

The ability of an individual or family to move up or down the economic ladder within a society over time.

Higher Income Groupings

Refers to classifications of individuals or households that earn above a certain threshold of income, often compared within a broader economic context.