Asked by
Bhavya Oberoi
on Oct 26, 2024
Verified
Which factor would NOT result in an increase in the supply of a good?
A) a decrease in input prices
B) a beneficial technological change
C) an increase in the number of suppliers
D) an increase in input prices
Input Prices
The cost of resources used in the production of goods or services, including raw materials, labor, and overheads.
Technological Change
Refers to the improvement or innovation in technology, affecting how goods or services are produced or delivered.
Number Of Suppliers
The total count of entities or individuals providing a specific good or service in a market.
- Assess the ramifications of technological shifts and input pricing on the supply and equilibrium within the market.
Verified Answer
CB
Learning Objectives
- Assess the ramifications of technological shifts and input pricing on the supply and equilibrium within the market.
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