Which of the following will increase the supply of a good?
a. An increase in the price of another good that producers could produce.
b. A lower price paid for resources used in the production of the good.
c. A decrease in the number of sellers.
d. An increase in taxes paid to the government by producers.
Question 2
An improvement in a firm's technology that improves productivity results in a(n):
a. leftward shift of the supply curve.
b. upward movement along the supply curve.
c. willingness to supply a larger quantity than before at any given price.
d. downward movement along the supply curve.
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Managing Supply Chain and Operations: An Integrative Approach, 2nd Edition