An Increase in Quantity Supplied Can Be Caused by A(n)

question 23

Multiple Choice

An increase in quantity supplied can be caused by a(n)

• A) decrease in quantity demanded
• B) rise in resource input prices
• C) increase in price
• D) decrease in the number of firms in the market
• E) tax levied on the producer

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Definitions:

Behavioral Intentions

Relate to an individual's plans or readiness to perform a particular behavior, influenced by personal attitudes and social norms.

Organization

Pertains to the structured arrangement of components or people within a system designed to achieve a set of objectives.

Self-Consistency Dissonance

The discomfort experienced when one’s actions are not consistent with one’s self-image or personal values.

Festinger

An American social psychologist best known for Cognitive Dissonance Theory, which explains the discomfort that arises from holding two conflicting beliefs simultaneously.