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:

Complete Performance

refers to the fulfillment of all terms and conditions as outlined in a contract or agreement, without deviation or shortfall.

Substantial Performance

A legal principle where a party has completed enough of their contractual obligations to warrant payment, despite minor deviations from the specified performance.

Absolute Promise

A commitment or guarantee that is unconditional and without any limitations or qualifications.

Breach

A violation or infringement of a law, obligation, tie, or standard.