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

question 67

Multiple Choice

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

• A)an increase in input prices
• B)a decrease in the number of sellers in the market
• C)suppliers' expectations of higher prices in the future
• D)an advancement in the technology for producing the good

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Definitions:

PHR

Personal Health Record; an individual's health documents and information managed and maintained primarily by the patient.

Electronic Health Records

Digital versions of patients' paper charts, including medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and test results.

Startup Cost

The initial expenses required to start a new business, including costs for research, rent, supplies, equipment, and marketing.

Maintenance Cost

The expenses associated with keeping equipment, facilities, or assets in good working condition.