Which of the Following Increases the Supply of a Good

question 8

Multiple Choice

Which of the following increases the supply of a good and shifts its supply curve rightward?

• A) a smaller number of producers
• B) a higher wage paid to workers in the industry
• C) a technological advance in how the good is produced
• D) an increase in the cost of the resources used to produce the good
• E) an increase in the price of the good

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Definitions:

Cost Method

An accounting method used to record investments in which the investment is recorded at its acquisition cost without recognizing subsequent changes in market value.

Investment Method

A technique for recognizing the investor's share of investee profits and adjusting the carrying amount of the investment accordingly.

Accounting

The systematic process of recording, summarizing, and reporting the financial transactions and positions of a company.

Available-for-sale

This is a classification for investments that a company plans to sell but are not actively traded, with changes in value reported in other comprehensive income.