Which of the Following Will Cause an Increase in Producer

question 45

Multiple Choice

Which of the following will cause an increase in producer surplus?

• A)the imposition of a binding price ceiling in the market
• B)buyers expect the price of the good to be lower next month
• C)the price of a substitute increases
• D)income increases and buyers consider the good to be inferior

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Definitions:

Social Behaviorists

Scholars or practitioners who study how behavior is influenced by the social environment.

Radical Behaviorists

Psychologists who explain behavior in terms of external stimuli and observable responses, minimizing the role of the mind or consciousness.

Observable Behaviors

Observable behaviors refer to actions or reactions of an individual or system that can be directly seen and measured.

Creative Part

The component of a process or system that involves innovation, imagination, and the generation of new ideas.