Which Factor Would Cause an INCREASE in the Supply of a Good

question 68

Multiple Choice

Which factor would cause an INCREASE in the supply of a good?

• A) rising input prices
• B) a fall in the price of the good
• C) an increase in the number of sellers
• D) expectations of future price increases

---

Definitions:

Human Capital

The array of skills, comprehension, and experiential learning available within an individual or a populace, gauged in view of their economic worth or investment to a corporation or a sovereign state.

Marginal Product

The additional output produced by adding one more unit of a specific input, ceteris paribus.

Technological Changes

Alterations or improvements in technology, processes, or methodologies that can increase efficiency, productivity, or bring new products and services.

Skilled Labor

Refers to workers who have specialized training, education, or expertise that increases their productivity and value to employers.