Author Question: Which of the following leads to an increase in the quantity supplied but not an increase in supply? ... (Read 73 times)

Mr3Hunna · **on:** Jun 30, 2018

Which of the following leads to an increase in the quantity supplied but not an increase in supply?

A) an increase in the product's price
B) a decrease in the costs of production
C) an advance in the technology used to produce the good
D) an increase in the number of firms producing the good or service
E) an increase in the price of another product that the suppliers can produce

Question 2

The demand for Country X's most important exportable product- electronic goods- is likely to double in the next 5 years. Which of the following is likely to happen in this case?

A) Consumption in Country X will rise. B) Asset prices in Country X will fall.
C) Unemployment rate in Country X will rise. D) Investment in Country X will fall.