Which of the following results in an increase in the supply of a good or service?
A) a fall in the price of the good or service
B) a smaller number of sellers producing the good or service
C) an increase in foreign imports of the good or service
D) higher taxes imposed upon producers of the good or service
E) a rise in the price of the good or service

Question

Quizplus · Accepted Answer

An increase in foreign imports of a good or service effectively increases the total supply of that good or service in the domestic market, as it adds to the quantity available to consumers.

Which of the Following Results in an Increase in the Supply