Which of the Following Increases the Supply of a Product

question 489

Multiple Choice

Which of the following increases the supply of a product?

• A) A smaller number of sellers producing the product.
• B) An increase in foreign imports of the product.
• C) Higher taxes imposed upon producers of the product.
• D) A fall in the price of the product.

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Definitions:

Absolute Threshold

The minimum stimulus intensity required to detect a particular stimulus 50% of the time.

Energy

The capacity to do work or produce change in physical or chemical systems, existing in various forms such as kinetic, potential, thermal, and electrical.

Sensory Sensitivity

A condition where individuals have heightened responses to sensory stimuli, such as sounds, lights, or textures.

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.