Which Factor Would Cause an INCREASE in the Supply of a Good

question 136

Multiple Choice

Which factor would cause an INCREASE in the supply of a good?

• A)an increase in input prices
• B)suppliers' expectations of higher prices in the future
• C)an increase in the price of the good
• D)a decrease in the price of resources used in production

Determine the effect of percentage changes on values.

Convert mixed numbers to decimals and percentages.

Evaluate mathematical expressions accurately.

Perform accurate arithmetic operations involving powers and roots.

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Definitions:

Contingency

A statement or proposition that is neither necessarily true nor necessarily false, depending on some variables or conditions.

Biconditional Statement

A statement that is true only if both components are simultaneously true or false.

Consistent

In logic and mathematics, a set of statements or propositions is consistent if they do not lead to a contradiction, meaning they can all be true at the same time.

Contingency

An impending event or circumstance with potentiality but lacks predictability with surety.