Which of the Following Would Cause an Increase in the Market

question 3

Multiple Choice

Which of the following would cause an increase in the market supply of mountain bikes?

• A)a decrease in the demand for mountain bikes
• B)an increase in taxes levied on mountain bike manufacturers
• C)an increase in the cost of components used to assemble mountain bikes
• D)an increase in the number of firms making mountain bikes

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Definitions:

Competitive Brand

A brand that competes in the same market segment or industry, offering similar products or services.

Causal Research

A type of market research used to understand the cause and effect relationship between variables, typically to identify why something happened.

Sales Change

The variation in the quantity of products or services sold by a company over a specific period, which can indicate market trends and business performance.