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:

Cow Feed

Food provided to cows, including grass, grains, and other dietary supplements, to maintain their health and productivity.

Price of Hay

The cost at which hay is sold or bought, often influenced by factors such as quality, availability, and demand.

Club Membership

Club membership describes an individual's subscription or affiliation with a private group that offers access to exclusive resources or activities.

Price of Y

The market value or cost assigned to good Y, influenced by factors like supply, demand, and market conditions.