Question
In which of the following situations would the price of a good be most likely to increase?
An increase in production costs results from a rise in wages.
A rise in demand happens too quickly for producers to increase production to keep up.
A breakthrough in productive technology enables a company to increase its output.
There's a sudden increase in the number of companies competing to sell the good.
i think b
An increase in production costs results from a rise in wages.
A rise in demand happens too quickly for producers to increase production to keep up.
A breakthrough in productive technology enables a company to increase its output.
There's a sudden increase in the number of companies competing to sell the good.
i think b
Answers
lea g
its the first one