Everything Else Remaining Unchanged, an Increase in the Supply of a Good

question 21

Multiple Choice

Everything else remaining unchanged, an increase in the supply of a good will lead to:

• A) a fall in price and an increase in consumption of the good.
• B) an increase in the cost of production of the good.
• C) an increase in the price of the good.
• D) a leftward shift of the supply curve.
• E) an upward movement along the supply curve.

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Definitions:

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The process where one function invokes or makes use of another function within a program.