An increase in quantity supplied can be caused by a(n) a

Economics Dec 08, 2020

An increase in quantity supplied can be caused by a(n)

a. decrease in quantity demanded.

b. rise in resource input prices.

c. increase in price.

d. decrease in the number of firms in the market.

e. tax levied on the producer.

Expert Solution

Option c. increase in price is correct.

This is a correct option because the supplier of products tends to increase the supply when they get high price for the products. Therefore, the supply in market increases when prices rise.

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