An increase in the supply of a commodity is caused by Options: A . &nbspImprovements in technology B . &nbspFall in the prices of other commodities C . &nbspFall in the prices of factors of production D . &nbspAll of the above

An increase in the supply of a commodity is caused by

Question

An increase in the supply of a commodity is caused by

Options:

A . Improvements in technology

B . Fall in the prices of other commodities

C . Fall in the prices of factors of production

D . All of the above

Answer: Option D

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Question 1. Demand for a commodity refers to a....

Question 2. Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its....

Question 3. When demand is perfectly inelastic, an increase in price will result in....

Question 4. When equilibrium price rises but equilibrium quantity remains unchanged, the cause is....

Question 5. The cost on one thing in terms of the alternative given up is known as....

Question 6. If demand is unitary elastic, a 25% increase in price will result in....

Question 7. Contraction of demand is the result of....

Question 8. According to M. Kalecki, the true measure of the degree of monopoly power is the....

Question 9. Price of a product is determined in a free market by....

Question 10. When cross elasticity of demand is a large positive number, one can conclude that....

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