Which of the following would likely cause an increase in the supply of single-serve coffee makers?
A) a decrease in the number of consumers demanding single-serve coffee makers
B) an increase in the price of single-serve coffee makers
C) a decrease in the cost of manufacturing single-serve coffee makers
D) a widespread expectation that the price of single-serve coffee makers will rise in the future

Question

Quizplus · Accepted Answer

A decrease in the cost of manufacturing single-serve coffee makers would likely make it more affordable for producers to make single-serve coffee makers, leading to an increase in supply. A decrease in demand (option A) and an increase in price (option B) would have the opposite effect and decrease supply. Option D, an expectation of future price increases, may lead to a temporary increase in demand but would not directly affect supply.

Which of the Following Would Likely Cause an Increase in the Supply