Increase in the supply of a product can be caused by?
...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
Correct answer is C
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, labour, or other factors of production).
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