which factor might cause an increase in the supply of a product? a a decrease in productivity b fewer…
which factor might cause an increase in the supply of a product? a a decrease in productivity b fewer sellers in the marketplace c the introduction of new technology d an increase in the cost of raw materials e future expectations of a decrease in demand
Answer
Brief Explanations:
New technology often improves production efficiency, allowing producers to make more products at the same cost or less, thus increasing supply. A decrease in productivity reduces supply. Fewer sellers mean less overall production and lower supply. Higher raw - material costs increase production costs and usually reduce supply. Expectations of lower future demand may lead producers to reduce current production to avoid over - supply.
Answer:
C. the introduction of new technology