Which of the Following Will Cause a Decrease in Consumer

question 41

Multiple Choice

Which of the following will cause a decrease in consumer surplus?

• A)an increase in the number of sellers of the good
• B)a decrease in the production cost of the good
• C)sellers expect the price of the good to be lower next month
• D)the imposition of a binding price floor in the market

Understand the importance of audience needs in guiding business communication.

Recognize the iterative nature of the writing process and the significance of spending appropriate time on each stage.

Identify appropriate communication strategies and understand the concept of genres in written communication.

Understand the effectiveness of different organizational plans in written communication.

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Definitions:

Union Restored

The period following the American Civil War focused on reintegrating the Southern states back into the United States, restoring national unity.

Southern States

A geographic grouping of states in the southeastern and south-central United States, notable for their shared history, culture, and economic interests, particularly in agriculture and historically in slavery.

Democratic Majorities

Situations in which the Democratic Party holds the majority of seats in legislative bodies, allowing greater influence in lawmaking.

Public Schools

Educational institutions funded and administered by governmental entities, providing free education to students in a particular geographic area.