increase in the supply of a product can be caused by?
A. change and taste and fashion of consumers B. increase in the income of consumers C. a fall in the cost of production D. increase in the price of a product
Correct Answer: C
Explanation
An increase in supply is illustrated by a shift of the supply curve to the right. An increase in supply can be caused by: an increase in the number of producers. a decrease in the costs of production (such as higher prices for oil, labor, or other factors of production).
