Which of the Following Leads to an Increase in the Quantity

question 57

Multiple Choice

Which of the following leads to an increase in the quantity supplied, but not an increase in supply?

• A) An advance in the technology used to produce the good.
• B) An increase in the product's price.
• C) A decrease in the costs of production.
• D) An increase in the price of another product that the suppliers can produce.
• E) An increase in the number of firms producing the good or service.

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Definitions:

User Costs

Expenses incurred by consumers or firms for the use of assets, services, or capital, which can affect decisions on consumption or investment.

Price of Resource

The cost associated with acquiring, producing, or utilizing a resource, which may include materials, labor, or capital.

Optimal Extraction Level

The most efficient point at which a resource can be extracted or harvested to balance usage and sustainability over time.

Reduction

The process or result of making something smaller or less in amount, degree, or size, often used in context of costs, prices, or quantities.