Other things constant, which of the following would most likely cause the supply of garden hoses to decrease?
A) an increase in the price of plastic used to make garden hoses
B) a technological advance that lowers the cost of producing garden hoses
C) the occurrence of a very dry year with little rain
D) a decrease in the price of grass seed

Question

Quizplus · Accepted Answer

An increase in the price of plastic, a key input in the production of garden hoses, would raise production costs, leading to a decrease in supply.

Other Things Constant, Which of the Following Would Most Likely