Which of the Following Will Not Cause an Increase in the Supply

question 243

Essay

Which of the following will not cause an increase in the supply of good X?
A.an improvement in the technology used to produce good
B.X an increase in the price of good Y, a substitute
C.an increase in the price of inputs used to produce good X
D.a decrease in the price of inputs used to produce good X

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Definitions:

Mechanical Test

A method or procedure used to evaluate the mechanical properties of materials, components, or systems.

Liquidated Damages

The stipulation by the parties to a contract of the sum of money to be recovered by the aggrieved party in the event of a breach of the contract by the other party.

Consequential Damages

Losses that arise not directly from a breach of contract but as a foreseeable result of the breach, requiring compensation.

Express Condition

A clearly stated and explicit requirement within a contract that must be satisfied for contractual obligations to be fulfilled.