An increase in quantity supplied might be caused by an increase in production costs.

Name: An increase in quantity supplied might be caused by an increase in production costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An increase in quantity supplied is generally caused by an increase in demand, not an increase in production costs. However, an increase in production costs can lead to a decrease in quantity supplied as it may be less profitable for sellers to produce and sell the good or service.

An Increase in Quantity Supplied Might Be Caused by an Increase