Assume that the price for swimming pool maintenance services has risen and sales of these services have fallen.One can conclude that
A)the law of supply has been violated.
B)the demand for swimming pool maintenance services has increased.
C)the supply of swimming pool maintenance services has decreased.
D)swimming pool maintenance services are becoming more technologically advanced.

Question

Quizplus · Accepted Answer

The decrease in sales suggests that the demand for swimming pool maintenance services has not increased, thus options A and B can be eliminated. The rise in price would typically lead to an increase in supply, so the only remaining option is that the supply of swimming pool maintenance services has decreased. The information given does not provide any indication of technological advancements, so option D can be eliminated.

Assume That the Price for Swimming Pool Maintenance Services Has