Which of the following will NOT cause market supply to increase?
A) an increase in the number of firms supplying the product in the market
B) a change in technology which allows a larger level of production at every price
C) an increase in the costs of resources used to produce the product
D) a decrease in labor costs
C
You might also like to view...
"Stranded costs" complicated restructuring in the electricity industry
Indicate whether the statement is true or false
When you see a preview of a coming movie at the movie theater, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.
Differences in earnings between racial groups is due in part from differences in:
A. educational attainment. B. geographical location. C. ability to achieve. D. None of these is true.
Describe the law of diminishing marginal utility. On what assumptions is this law based?
Please provide the best answer for the statement.