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

question 136

Multiple Choice

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

• A)an increase in input prices
• B)suppliers' expectations of higher prices in the future
• C)an increase in the price of the good
• D)a decrease in the price of resources used in production

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Definitions:

Motivators

Internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Buyer Persona

A semi-fictional representation of your ideal customer based on market research and real data about your existing customers.

Customer Demographics

The statistical characteristics of a business's customers, including age, gender, income level, education, and other factors useful for market segmentation and targeting.

Psychographics

Psychographics pertain to the study of consumer behavior based on psychological traits, lifestyle choices, and personal values to inform marketing strategies.