WAEC - Economics (2017 - No. 13)
increase in the supply of a product can be caused by?
change and taste and fashion of consumers
increase in the income of consumers
a fall in the cost of production
increase in the price of a product
Vysvětlení
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).