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

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

C

Economics

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Which of the following is an advantage of having a marketing cooperative?

a. Sellers get a steady supply of raw materials for their produce. b. Buyers get a steady supply of finished products. c. Sellers can save resources they would have spent on marketing and instead specialize in production. d. Buyers face lower risks of opportunism.

Economics

Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics