Which of the Following Will Cause an Increase in Producer

question 45

Multiple Choice

Which of the following will cause an increase in producer surplus?

• A)the imposition of a binding price ceiling in the market
• B)buyers expect the price of the good to be lower next month
• C)the price of a substitute increases
• D)income increases and buyers consider the good to be inferior

---

Definitions:

Equitable

Fair and impartial treatment of all individuals, especially in terms of resource distribution and opportunities.

Racialization

is the process of ascribing ethnic or racial identities to a relationship, social practice, or group that did not identify itself as such.

Racial Minority Group

A group of people who are differentiated or marginalized in a given society based on racial or ethnic characteristics, often facing systemic inequalities.

Ethnic Minority Group

A group within a larger society that has distinct national, religious, linguistic, or cultural attributes differing from the majority population.