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    Microeconomics Theory and Applications Study Set 2
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    Exam 2: Supply and Demand
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    An Increase in Quantity Supplied Occurs When
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An Increase in Quantity Supplied Occurs When

Question 48

Question 48

Multiple Choice

An increase in quantity supplied occurs when:


A) there is technological advance.
B) the costs of production fall.
C) the price of the good increases.
D) the price of the good falls.

Correct Answer:

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