11. List basic determinants of increase in market supply. The supply increases when, (a) Resource or input prices: ( increase, decrease ) (b) Changes in technology: ( improvement, deterioration ) (c) Taxes: ( increase, decrease ) (d) Subsidies: ( increase, decrease ) (e) Prices of other related goods or products: ( increase, decrease ), if there is a substitution in production (f) Number of sellers: (_increases, decreases)
11. List basic determinants of increase in market supply. The supply increases when, (a) Resource or input prices: ( increase, decrease ) (b) Changes in technology: ( improvement, deterioration ) (c) Taxes: ( increase, decrease ) (d) Subsidies: ( increase, decrease ) (e) Prices of other related goods or products: ( increase, decrease ), if there is a substitution in production (f) Number of sellers: (_increases, decreases)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3PA: Consider the market for minivans. For each of the events listed here, identify which of the...
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