An increase in supply of a product results when
A) the companies that produce the product have higher materials costs.
B) the government reduces subsidies on the product.
C) taxes on the product are increased.
D) technological innovations are introduced in the manufacturing process.
D
You might also like to view...
Electric utilities have trumpeted nuclear power for years, advocating it as lower in production costs than other alternatives. Yet, society has resisted heavy reliance on nuclear power. Explain the source of the disagreement and suggest which side (utilities or society) is correct
An increase in the tariff on foreign-produced automobiles would most likely help
a. the domestic producers of automobiles. b. steel producers that sell most of their output to foreign producers of automobiles. c. workers in the foreign automobile industry. d. consumers looking for alternatives to domestic automobiles.