Which of the Following Increases the Supply of a Product

question 79

Multiple Choice

Which of the following increases the supply of a product?

• A) a fall in the price of the product
• B) a smaller number of sellers producing the product
• C) an increase in foreign imports of the product
• D) higher taxes imposed upon producers of the product

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Definitions:

Applicant for Insurance

An individual or entity applying for coverage under an insurance policy.

Independent Contractor

An individual who provides services to another entity under terms specified in a contract or agreement, without being legally considered an employee.

Insurance Contracts

Agreements between an insurance company and the insured, where the company agrees to compensate for specific losses in exchange for a premium.

Insurer

An entity that provides insurance coverage to individuals or organizations against financial loss.