Which of the Following Would NOT Cause a Change in the Supply

question 52

Multiple Choice

Which of the following would NOT cause a change in the supply of milk?

• A) an increase in the cost of feed for cows
• B) the discovery of growth hormones to stimulate the milk production of cows
• C) an increase in government subsidies to dairy farmers
• D) an increase in the price of milk

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Definitions:

Initial Investments

Money utilized to start a business venture, purchase significant assets, or make investments to generate future income and profit.

Income Taxes

Taxes levied by the government on income generated by businesses and individuals within its jurisdiction.

After-Tax Discount Rate

The discount rate used in investment appraisal that takes into account the effects of taxes.

Income Tax Rate

The percentage at which individual or corporate income is taxed by the government, which can vary depending on the income level and jurisdiction.