Which of the Following Results in an Increase in the Supply

question 227

Multiple Choice

Which of the following results in an increase in the supply of a good or service?

• A) a fall in the price of the good or service
• B) a smaller number of sellers producing the good or service
• C) an increase in foreign imports of the good or service
• D) higher taxes imposed upon producers of the good or service
• E) a rise in the price of the good or service

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Definitions:

Conflict

A serious disagreement, argument, or prolonged struggle between people, groups, or ideas.

Place of Delivery

The specified location where goods are to be delivered under the terms of a contract or agreement.

Seller's Place

Refers to the business location or premises from which a seller operates or conducts business transactions.

Good Faith

The honest intention to act without taking an unfair advantage over another party, often referenced in contracts and negotiations to ensure fair dealings.