Ceteris paribus,which of the following is most likely to cause an increase in the quantity supplied of perfume?
A)An improvement in perfume-making technology.
B)An increase in the salaries paid to perfume makers.
C)An increase in the price of perfume.
D)An increase in the number of sellers of perfume.

Question

Quizplus · Accepted Answer

An increase in the price of perfume directly affects the quantity supplied by making it more profitable for companies to produce and sell more perfume, according to the law of supply.

Ceteris Paribus,which of the Following Is Most Likely to Cause