Answer to Question #232073 in Microeconomics for juni

Question

1. Which of the following can lead to an increase in the supply for good X?
2. a. A decrease in the number of sellers of good X.
3. b. An increase in the price of inputs used to make good X.
4. c. An increase in consumers' income, assuming good X is normal.
5. d. An improvement in technology used in production of good X.
6. e. None of the above

Answer 1

Option d is accurate

d: an improvement in technology used in production of good X.