Which factor would cause an INCREASE in the supply of a good?
A)an increase in input prices
B)a decrease in the number of sellers in the market
C)suppliers' expectations of higher prices in the future
D)an advancement in the technology for producing the good

Question

Quizplus · Accepted Answer

An advancement in technology for producing the good would lead to an increase in the efficiency of production, which ultimately leads to an increase in the supply of the good.

Which Factor Would Cause an INCREASE in the Supply of a Good