Which of the Following Statements Is Consistent with a Decrease

question 426

Multiple Choice

Which of the following statements is consistent with a decrease in supply?

• A) Prices of raw material inputs have increased.
• B) There has been an advance in technology.
• C) Consumers' incomes have increased.
• D) The market price has decreased.

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Definitions:

Judge

An official appointed to preside over court proceedings, either alone or as a part of a panel, and make decisions or judgments.

Balance Of Probabilities

The burden of proof in civil matters; the person making the claim must provide evidence to convince the court that there is a greater than 50 percent likelihood that the event took place as claimed.

Civil Matter

A legal dispute between private parties (individuals or corporations), which usually involves issues such as contracts, property, and family law, as opposed to criminal law.

Jury

A group of citizens sworn to give a verdict in a legal case on the basis of evidence presented to them in court.