Which of the Following Leads to an Increase in the Quantity

question 57

Multiple Choice

Which of the following leads to an increase in the quantity supplied, but not an increase in supply?

• A) An advance in the technology used to produce the good.
• B) An increase in the product's price.
• C) A decrease in the costs of production.
• D) An increase in the price of another product that the suppliers can produce.
• E) An increase in the number of firms producing the good or service.

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Definitions:

Economy

An area of the production, distribution, or trade, and consumption of goods and services by different agents in a given geographical location.

Corporate Tax Rate

The rate at which businesses are taxed on their profits by the government.

Corporate Tax Rate

The percentage of corporate profits that companies are required to pay to the government as tax.

Fixed Costs

These are expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.