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

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Definitions:

Disarm Persons

The process of removing or taking away weapons from individuals, often for safety and security reasons.

Participative Management

A management style where employees are involved in decision-making processes within the organization.

Organizational Commitment

The psychological attachment or loyalty of an employee towards their organization, often associated with motivation and job satisfaction.

Supervisors and Managers

Individuals in an organization responsible for directing and overseeing the work of other employees, ensuring that tasks and objectives are completed efficiently and effectively.