Which Factor Would Cause an INCREASE in the Supply of a Good

question 67

Multiple Choice

Which factor would cause an INCREASE in the supply of a good?

• A)an increase in input prices
• B)a decrease in the number of sellers in the market
• C)suppliers' expectations of higher prices in the future
• D)an advancement in the technology for producing the good

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.