Which of the Following Increases the Quantity Supplied of Good

question 461

Multiple Choice

Which of the following increases the quantity supplied of good X but does NOT increase the supply of good X?

• A) a fall in the price of a factor production used to produce X
• B) an advance in the technology for producing X
• C) an increase in the price of good Y, a complement in the production of X
• D) an increase in the price of X

---

Definitions:

Income Statement

The income statement is a financial report that provides a summary of a company's revenues, expenses, and profits/losses over a specified period.

Sales

Revenue earned from selling goods or services over a certain period.

Percent Change

A measure that indicates the relative difference between an initial value and a final value, expressed as a percentage.

Wrong Amount

The incorrect calculation or entry of a figure in accounting records, transactions, or financial statements.