Which of the Following Increases the Supply of a Product

question 248

Multiple Choice

Which of the following increases the supply of a product?

• A) lower prices for the resources used to produce the product
• B) some producers going bankrupt and leaving the industry
• C) a higher price for the product
• D) an increase in the expected future price of the product
• E) a decrease in productivity

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Definitions:

17th-Century

Referring to the period between the years 1601 and 1700, often noted for its significant historical, cultural, and scientific developments.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that provides a uniform framework for international commerce.

Modifications

refers to changes or alterations made to the terms of a contract, agreement, or in the design of a product or system.

Contracts

Legal agreements between parties that are enforceable by law.