Which of the Following Would Cause an Increase in the Supply

question 186

Multiple Choice

Which of the following would cause an increase in the supply of a product at a given price?

• A)an increase in the price of the product
• B)a decrease in the cost of producing a substitute product
• C)an increase in the cost of resources to produce the product
• D)a reduction in the cost of resources to produce the product

---

Definitions:

Months

Units of time, each roughly corresponding to one cycle of the moon’s phases, used in planning and scheduling.

Accrued Interest

Interest that has accumulated over time but has not yet been paid.

Loan

An amount of money borrowed that is expected to be paid back with interest.

Days

Units of time representing 24 hours, used universally to measure time periods shorter than a week.