Which development would most likely cause the supply of a product to increase? O A. New technology allows the product to be made more quickly. B. Companies expect the price of the product to fall significantly. C. Fewer workers receive the education needed to create the product. O D. Government regulations increashthe cost of making the product.
Which development would most likely cause the supply of a product to increase? O A. New technology allows the product to be made more quickly. B. Companies expect the price of the product to fall significantly. C. Fewer workers receive the education needed to create the product. O D. Government regulations increashthe cost of making the product.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 41CTQ: We know that a change in the price of a product causes a movement along the demand curve. Suppose...
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