Which of the Following Events Would Cause a Change in the Quantity

question 52

Multiple Choice

Which of the following events would cause a change in the quantity supplied of some agricultural commodity but would not cause a change in the supply of that same commodity?

• A)a change in factor costs
• B)a technological change
• C)a change in the price of the commodity
• D)a change in the number of suppliers of the commodity
• E)a change in the price of substitute goods

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Definitions:

Alternative Evaluation

Involves the process of assessing different options or solutions in decision-making contexts to determine their viability, based on criteria such as cost, benefits, and potential risks.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including potential customers and competitors, to inform business decisions.

Small Businesses

Companies with a limited number of employees and revenue, playing a significant role in the economy.

Black Box Influence

The impact of systems or processes whose internal workings are not visible or easily understood by outside observers.