Which of the Following Increases the Supply of a Product

question 22

Multiple Choice

Which of the following increases the supply of a product?

• A) Some producers going bankrupt and leaving the industry.
• B) Lower prices for the resources used to produce the product.
• C) A decrease in productivity.
• D) An increase in the expected future price of the product.
• E) A higher price for the product.

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Definitions:

Piaget

A psychologist known for his pioneering work in child development, specifically for his theory of cognitive development that describes how children construct a mental model of the world.

Seriation

The ability to arrange objects in order by size, location, or another characteristic, which is a crucial cognitive development skill in children.

Cognitive Abilities

Mental skills encompassing learning, thinking, reasoning, problem-solving, decision-making, and memory.

Hands-on

Involving active engagement and direct experience in learning or doing something, rather than just theory.