Which of the Following Could Cause an Increase in the Supply

question 155

Multiple Choice

Which of the following could cause an increase in the supply of wheat?

• A)A decrease in the price of oats.
• B)An imposition of a sales tax on wheat.
• C)An increase in the price of fertilizer.
• D)Producers expect the price of wheat to increase.

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Definitions:

Break-even Point

The point at which total costs and total revenue are equal, meaning that there is no net loss or gain, and the business is not making a profit.

Direct Materials Cost

The cost of raw materials directly used in the production of products or services.

Sales

Revenue generated from the sale of goods or services.

Desired Profit

The target earnings a company aims for in a specific period as part of its financial and strategic planning.