Managerial Economics

1:

Other things being equal, an increase in supply can be caused by

A.

A rise in the income of the consumer

B.

An improvement in the techniques of production

C.

A rise in the price of the commodity

D.

An increase in the income of the seller

 

Answer : B

Explanation :

kishan singh rathore said: (6:38pm on Friday 8th September 2017)
Answer must be C i.e. A rise in the price of the commodity because supply increases with increase price
Ritika said: (10:42pm on Monday 29th January 2018)
yes, the answer could be C also.

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Option: A

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