Which of the following will increase the supply of a product?
A) an increase in the price of the product
B) an increase in the demand for the product
C) an increase in the number of sellers
D) a decrease in the demand for the product
E) an increase in the price of inputs

Question

Quizplus · Accepted Answer

An increase in the number of sellers will increase the supply of a product, as there are more individuals or businesses producing and selling the product.

Which of the Following Will Increase the Supply of a Product