Economics · Supply Analysis
Which of the following is NOT a reason for a decrease in the supply of a commodity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increase in the price of factors of production
- 2Improvement in production technology✓
- 3Decrease in the number of firms in the market
- 4Increase in the price of a competing good
Correct answer
Improvement in production technology
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