Asked by
Ahmed Khaled
on Oct 12, 2024Verified
If sellers become more willing and able to sell more of a service at every possible price,there has been an increase in
A) quantity supplied.
B) supply.
C) wages or other factor costs.
D) demand.
E) business taxes.
Supply
The total amount of a product or service available for purchase by consumers.
Wages
Payments made to workers for their services, typically calculated on an hourly, daily, or piecework basis.
Taxes
Compulsory contributions to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
- Acquire knowledge about the determinants influencing shifts in supply and demand.
Verified Answer
HM
Learning Objectives
- Acquire knowledge about the determinants influencing shifts in supply and demand.