-The graph illustrates the supply of sweaters.Which of the following events will increase the supply of sweaters?
A) a rise in the price of a sweater
B) a rise in the wage rate paid to the workers who make sweaters
C) a rise in the expected future price of a sweater
D) an increase in the number of sellers of sweaters
E) an increase in income if sweaters are a normal good

Question

-The graph illustrates the supply of sweaters.Which of the following events will increase the supply of sweaters?
A) a rise in the price of a sweater 
B) a rise in the wage rate paid to the workers who make sweaters 
C) a rise in the expected future price of a sweater 
D) an increase in the number of sellers of sweaters 
E) an increase in income if sweaters are a normal good

Quizplus · Accepted Answer

An increase in the number of sellers of sweaters would increase the supply of sweaters because more producers would be making and selling sweaters, leading to a greater quantity of sweaters available in the market.

-The Graph Illustrates the Supply of Sweaters