A Decrease in the Price of a Good Would

question 89

Multiple Choice

A decrease in the price of a good would

• A)increase the supply of the good.
• B)increase the quantity demanded of the good.
• C)give producers an incentive to produce more to keep profits from falling.
• D)shift the supply curve for the good to the left.

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MasterCard

A global financial services corporation known for its wide acceptance as a payment method for transactions, providing credit, debit, and prepaid card offerings to consumers.

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Legislation aimed at preventing anti-competitive practices, monopolies, and to ensure fair competition in an open-market economy.

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Charges that a merchant pays to a card-issuing bank for processing credit or debit card transactions.