Market supply may increase if there is an increase in the________

a

Price of the product

b

Prices of factors of production.

c

Tax paid on raw materials

d

Subsidies on raw materials.

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a

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Discussions (2)

SirClassic
3 years ago

Option A is wrong.
Option D is right.
Market Supply is same as "Change in Supply" which is equal to "Shift in Supply ".
Shift in Supply is not influenced or caused by "price of the product/commodity".
Government "subsidy on raw materials" will make price to:
1. remain constant and increase supply
OR
2. fall and increase supply.
Date: 04-02-23 [11:35pm]

Onota
1 year ago

U ARE RIGHT

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