Other things remaining constant, the market supply for a good increases if :1. its price increases.2. price of its factors of production decreases.3. price of other goods decreases.Select the correct answer using the code given below:

Question

SquadPrep · Accepted Answer

1 and 2 only. An increase in a good's own price leads to an increase in the quantity supplied (movement along the curve). A decrease in the price of factors of production lowers costs, shifting the supply curve outwards (increasing market supply).

Answer

1 and 3 only

Answer

2 and 3 only

Answer

1, 2 and 3

Other things remaining constant, the market supply for a good increases if :<br>1. its price increases.<br>2. price of its factors of production decreases.<br>3. price of other goods decreases.<br>Select the <strong>correct</strong> answer using the code given below:

Explanation

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