Which of the Following Increases the Quantity Supplied of Good

question 11

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:

FUTA Tax

Federal Unemployment Tax Act tax, used to fund state workforce agencies.

Timely Deposits

The IRS requirement that taxpayers must deposit certain types of taxes (e.g., payroll taxes) by specific deadlines to avoid penalties.

Form W-2

An IRS form used by employers to report annual wage and salary information for employees along with the amount of taxes withheld from their paychecks.

Social Security Administration

A U.S. government agency that administers social security, a social insurance program consisting of retirement, disability, and survivors benefits.