An Increase in Supply Occurs When

question 78

Multiple Choice

An increase in supply occurs when:

• A)there is technological advance.
• B)the costs of production rise.
• C)the price of the good increases.
• D)the price of the good falls.

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Definitions:

After-Tax Proceeds

The amount of money that remains after all taxes have been deducted from the gross proceeds of a transaction.

Marginal Tax Rate

The rate of tax applied to the next dollar of income, indicating how much of an additional dollar earned will be taken in taxes.

Professional Attire

The clothing that meets the formal or semi-formal dress code standards of a workplace or profession.