Which of the Following Increases the Quantity Supplied of Good

question 40

Multiple Choice

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

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

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Definitions:

Cash Payback Method

An analysis technique to determine the time needed to recoup the initial investment in a project, based on cash flows.

Advantage

A favorable or beneficial condition, circumstance, or position that contributes to success.

Proposal

A formal offer or plan put forward for consideration or discussion by others.

Relative Ranking

A method of ordering items or values in relation to each other based on certain criteria.