An increase in consumers' demand for espresso will lead to an increase in ________, while an increase in the number of firms producing espresso will lead to a(n)________.
A)quantity supplied; decrease in supply
B)supply; increase in quantity supplied
C)quantity supplied; increase in supply
D)supply; decrease in supply

Question

Quizplus · Accepted Answer

An increase in demand would lead to an increase in quantity supplied because the product price would increase. An increase in the number of firms producing espresso would lead to an increase in supply.

An Increase in Consumers' Demand for Espresso Will Lead to an Increase