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If Total Surplus Falls,there May Have Been A(n)_____ in Demand

question 81

Multiple Choice

If total surplus falls,there may have been a(n) _____ in demand or a(n) _____ in supply.


Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Financing Costs

Expenses associated with raising capital for a company's operations or financing investments, such as interest and fees.

Cash Flow Estimates

Projections or forecasts of a company's future financial liquidity over a specific period of time, including incoming and outgoing cash.

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