Which of the following will decrease the supply of goods?O a. New technology used in producing goodsO b. Rise in the price of the goodO c. Increase in the price of factorsO d. None of these

Supplier of goods usually decreases due to increase in cost of production.

Answered: Which of the following will decrease…

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Economics

Which of the following will decrease the supply of goods?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 3SCQ: Explain all the reasons why a decrease in a products price would lead to an increase in purchases.

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Question

Which of the following will decrease the supply of goods?
O a. New technology used in producing goods
O b. Rise in the price of the good
O c. Increase in the price of factors
O d. None of these

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