General Studies · Microeconomics
Which of the following factors would cause a decrease in the market supply curve for a product?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A fall in the overall production costs
- 2The introduction of a new automated assembly system
- 3An increase in indirect taxes imposed on the product✓
- 4A reduction in the hourly wage rate for workers
Correct answer
An increase in indirect taxes imposed on the product
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