A change in the quantity supplied of a good may be caused by
A)A change in technology
B)A change in the number of firms selling the good
C)A change in the price of the good
D)A change in the demand for the good
E)Either (c)or (d)

Question

Quizplus · Accepted Answer

A change in the quantity supplied of a good is directly caused by a change in the price of the good (C). Additionally, a change in the demand for the good (D) can indirectly affect the quantity supplied, as suppliers adjust their output in response to changes in demand. Choices A and B are factors that shift the supply curve, not the quantity supplied at a given price.

A Change in the Quantity Supplied of a Good May