Which of the Following Results in an Increase in the Supply

question 227

Multiple Choice

Which of the following results in an increase in the supply of a good or service?

• A) a fall in the price of the good or service
• B) a smaller number of sellers producing the good or service
• C) an increase in foreign imports of the good or service
• D) higher taxes imposed upon producers of the good or service
• E) a rise in the price of the good or service

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Definitions:

Dependent Variables

In statistics and experiment design, these are the variables being tested and measured, expected to change as a result of manipulations to the independent variables.

Independent Variables

Variables in an experiment or study that are manipulated or categorized to observe their effect on dependent variables.

Coefficient of Multiple Correlation

A measure used in multiple regression analyses to assess the strength of the relationship between multiple independent variables and a single dependent variable.

Partial-Regression Coefficient

A measure in multiple regression that represents the change in the dependent variable for a one-unit change in a specific explanatory variable, holding all other explanatory variables constant.