Which would cause an increase in quantity supplied of product A?
A) an improvement in technology affecting the production of A
B) an increase in the price of product B, a complement in the production of A
C) a decrease in the price of resources used in producing A
D) an increase in the price of A
Correct Answer:
Verified
Q145: Q146: In a competitive market, if the existing Q147: Q148: If a product is in surplus supply, Q149: At the point where the demand and Q151: A surplus of any given commodity can Q152: At the equilibrium price: Q153: In a competitive market the equilibrium price Q154: With a downward sloping demand curve and Q155: Refer to the diagram below for the
A)quantity supplied may exceed
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