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The factor causing extension in supply o...

The factor causing extension in supply of a good is

A

increase in number of firms

B

decrease in tax rate

C

improvement in technology

D

increase in price of the good.

Text Solution

Verified by Experts

The correct Answer is:
D
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Knowledge Check

  • The following factor will cause increase in supply of a good

    A
    rise in price of good
    B
    increase in excise tax rate
    C
    improvement in technology
    D
    all of these.

  • The supply of a good refers to

    A
    Actual production of the good.
    B
    Total existing stock of the good
    C
    Stock available for sale
    D
    Amount of the good offered for sale at a particualar price per unit of time.

  • In the short period the supply of a good is

    A
    perfectly elastic
    B
    perfectly inelastic
    C
    unitary elastic
    D
    less elastic.

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    An increase in the supply of a good is caused by :

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