In which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
A rise in demand happens too quickly for producers to increase production to keep up.
A breakthrough in productive technology enables a company to increase its output.
There's a sudden increase in the number of companies competing to sell the good.
i think b
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In which of the following situations would the price of a good be most likely to increase? An increase in production costs results from a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Talk to a 40-year-old business professional with a family that includes a spouse and children. This person can be a family member, friend, or mentor. List and describe the savings, investments, and risk management strategies for this phase of life.
Answers (1)
What is the correlation between term length of a loan and interest paid?
Answers (1)
Able, Baker, and Charles are engaged in the marketing to and enrollment of beneficiaries into Medicare health plans. Mr. Able is an independent agent paid directly by a health plan. Ms.
Answers (1)
Ernest, an individual, receives $100 from Vernon Corp. in dividends and is in the 28% tax bracket. Vernon Corp. already paid corporate taxes on the $100 at a 20% tax rate. How much in personal taxes will Ernest need to pay? $28 $20 $0 $8
Answers (1)
A progressive tax means you pay a larger percent of your income in taxes as you make more money T F
Answers (1)
New Questions in Business
Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B.
Answers (1)
In the context of foreign direct investment, a joint venture involves the merger of companies.
Answers (1)
Classify the following changes in each of the accounts as either an outflow or an inflow of cash. During the year (a) marketable securities increased, (b) land and buildings decreased, (c) accounts payable increased, (d) vehicles decreased, (e)
Answers (1)
In 2013, teller company sold 3,000 units at $400 each. variable expenses were $280 per unit, and fixed expenses were $160,000. what was teller's 2013 net income?
Answers (1)
A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?
Answers (1)