Which of the Following Events Will Cause a Decrease in the Equilibrium

question 70

Multiple Choice

Which of the following events will cause a decrease in the equilibrium price?

• A) a government tax on output
• B) a decrease in income for an inferior good
• C) an increase in the price of a substitute good
• D) lower input prices

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Definitions:

Embryo

An embryo is an early stage of development in multicellular organisms, in humans, it specifically refers to the period from fertilization until the end of the eighth week of gestation.

Germinal

Pertains to the earliest stage of development in both plants and animals; in human embryology, it refers to the first two weeks of prenatal development.

Miscarriages

The spontaneous loss of a pregnancy before the 20th week, often due to natural causes related to fetal or maternal health issues.

Embryonic Stage

A period in prenatal development occurring from the end of the second week through the eighth week after conception, where major organs and structures within the organism begin to develop.