Which of the Following Would Cause an Increase in the Supply

question 109

Multiple Choice

Which of the following would cause an increase in the supply of cheese?

• A)a decrease in the price of wine (assuming that cheese and wine are complements)
• B)an increase in the price of cheese
• C)an increase the price of a product that producers sell instead of cheese
• D)an increase in the number of firms that produce cheese

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Definitions:

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The outer edge or boundary of an object, often circular, such as a cup, bottle, or basketball hoop.

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Digital optical disc data storage format, commonly used for storing music and other data.

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Long-playing vinyl records, a format for sound recording and playback that gained popularity in the mid-20th century.