An Increase in the Equilibrium Quantity of Good B Can

question 338

Multiple Choice

An increase in the equilibrium quantity of good B can be caused by

• A) an increase the price of inputs utilized in producing good B.
• B) an increase in the price of good B.
• C) a technological improvement in the process of producing good B.
• D) a reduction in the number of producers of good B.

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Definitions:

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