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8 March, 06:28

What factor might cause an increase in a supply of a product

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  1. 8 March, 07:57
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    1) Costs of input: If it costs more to produce a good, then the supply will increase.

    2) Productivity: If workers are willing to produce more, than supply increases. Happy workers are more productive.

    3) Technology: New machines, chemicals, and programs can cause an increase of productivity.

    4) Taxes: Taxes cause the cost of production to go up, causing a decrease in demand.
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