In order to increase the supply of a good, producers must

A. see an increase in quantity supplied by competitors.
B. reduce their per-unit costs of producing the good.
C. convince consumers to reduce the quantity demanded.
D. cut back on labor to reduce production costs.

Answer: B

Economics

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The number of firms in an oligopolistic industry

A) must be less than 10. B) must be less than 20. C) must be small enough that firms are interdependent. D) must be large enough for firms to be independent.

Economics

When households practice diversification it means that they are buying which of the following?

a. stocks or bonds from only one company to increase their risks b. stocks or bonds from only one company to lower their risks c. stocks and bonds from a wide-range of companies to increase their risks d. stocks and bonds from a wide-range of companies to lower their risks

Economics