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An increase in supply is caused by:
A)
an increase in input prices.
B)
suppliers' expectations of higher prices in the future.
C)
an increase in the price of the good.
D)
a decrease in the price of resources used in production.
-
A decrease in supply is caused by:
A)
an increase in the price of goods that are used in production.
B)
suppliers' expectations of lower prices in the future.
C)
an advancement in the technology for producing the good.
D)
an increase in the number of producers.
| - | An increase in supply is caused by: | |
| A) | an increase in input prices. | |
| B) | suppliers' expectations of higher prices in the future. | |
| C) | an increase in the price of the good. | |
| D) | a decrease in the price of resources used in production. | |
| - | A decrease in supply is caused by: | |
| A) | an increase in the price of goods that are used in production. | |
| B) | suppliers' expectations of lower prices in the future. | |
| C) | an advancement in the technology for producing the good. | |
| D) | an increase in the number of producers. | |
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Related textbook solutions
Related questions
Choose all of the factors that will cause the supply curve to the right.
| A. |
An increase in regulations. |
|
| B. |
An increase in preference from consumers. |
|
| C. |
A decrease in input prices which make production less expensive. |
|
| D. |
An increase in household income. |
|
| E. |
A decrease in the price of a substitute in production. |
|
| F. |
Good weather |
|
| G. |
A reduction in subsidies |
|
| H. |
An increase in the price of a substitute of consumption. |
|
| I. |
A change in technology. |
|
| J. |
An increase in the number of producers. |
