Which of the Following Is True About How the "Invisible

question 54

Multiple Choice

Which of the following is true about how the "invisible hand" influences economic activity through prices when a product has lower demand than supply?​

• A)​The price must decrease,causing more buyers to buy and less sellers to sell.
• B)​The price must decrease,causing more buyers to buy and more sellers to sell.
• C)​The price must increase,causing less buyers to buy and more sellers to sell.
• D)​The price must increase,causing less buyers to buy and less sellers to sell.

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Definitions:

Credit Bureaus

Agencies that collect and maintain individual credit information for issuing credit scores and reports to potential creditors.

Receivables Policy

A set of practices a company uses to manage its accounts receivable, which includes how it extends credit and collects debts.

Due Dates

Specific dates by which obligations, such as bill payments or assignments, must be fulfilled or submitted.

Trade Credit

It is a type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.