Which of the Following Will Cause an Increase in Producer

question 45

Multiple Choice

Which of the following will cause an increase in producer surplus?

• A)the imposition of a binding price ceiling in the market
• B)buyers expect the price of the good to be lower next month
• C)the price of a substitute increases
• D)income increases and buyers consider the good to be inferior

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Definitions:

Sedimentary Rock

Rock formed by the accumulation and compaction of sediment, which can include minerals, organic matter, or the remains of organisms.

Dissolution

The process by which a solid, liquid, or gas forms a solution in a solvent, often related to the disintegration of minerals in water.

Gray Limestone

A sedimentary rock composed mainly of calcium carbonate (CaCO3), typically characterized by its gray color, used in building and as an aggregate.

Stalagmite

A type of speleothem that rises from the floor of a cave due to the accumulation of material deposited on the floor from ceiling drippings.