incentive assignment before question completed: 67 my score: 64.17/116 pts (5 which of the following would…
incentive assignment before question completed: 67 my score: 64.17/116 pts (5 which of the following would cause a decrease in the supply of pork? a. a decrease in the number of buyers in the market. b. a decrease in the price of pork. c. an increase in the price of inputs to pork production. d. a decrease in taxes.
Answer
Brief Explanations:
A decrease in the number of buyers affects demand, not supply. A decrease in the price of pork leads to a movement along the supply - curve, not a shift in supply. A decrease in taxes would likely increase supply. An increase in the price of inputs to pork production raises production costs, causing producers to supply less at each price level, thus decreasing supply.
Answer:
C. An increase in the price of inputs to pork production.