Which of the Following Leads to an Increase in the Quantity

question 279

Multiple Choice

Which of the following leads to an increase in the quantity supplied of soccer balls?

• A) an increase in the price of soccer balls
• B) an improvement in the production technology of soccer balls
• C) an increase in the number of manufacturers of soccer balls
• D) an increase in taxes on the sale of soccer balls

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Definitions:

Value

Value refers to the importance, worth, or usefulness of something, often determined by its desirability, utility, or monetary worth in economic contexts.

In The Money

A term describing an option contract that would lead to a positive cash flow to the holder if it were exercised immediately.

Underlying Stock Price

The price of the stock that an option gives a holder the right to buy or sell.

Exercise Price

The price at which the holder of an options contract may buy or sell the underlying security.