An Increase in Supply Is Caused By

question 204

Multiple Choice

An increase in supply is caused by:

• A) an increase in resource prices.
• B) suppliers' expectations of higher prices in the future.
• C) an increase in the price of a good using the same resources.
• D) a decrease in the price of a good using the same resources.

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Definitions:

Discontinuous

Characterized by interruptions or gaps, not having a steady or unbroken progression.

Multidimensional

Characterized by involving or having several dimensions or aspects.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Maturational Processes

Biological or physiological developments that follow a predetermined sequence over an individual's life.