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Which development would most likely cause the supply of a product to increase?A.New technology allows the product to be made more quickly.B.Fewer workers receive the education needed to create the product.C.Government regulations increase the cost of making the product.D.Companies expect the price of the product to fall significantly.

Question

Which development would most likely cause the supply of a product to increase?A.New technology allows the product to be made more quickly.B.Fewer workers receive the education needed to create the product.C.Government regulations increase the cost of making the product.D.Companies expect the price of the product to fall significantly.

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Solution

The development that would most likely cause the supply of a product to increase is A. New technology allows the product to be made more quickly.

Here's why:

A. New technology allows the product to be made more quickly: This would increase supply because the product can be produced at a faster rate, leading to more of the product being available in the market.

B. Fewer workers receive the education needed to create the product: This would likely decrease supply because there would be fewer qualified workers to produce the product.

C. Government regulations increase the cost of making the product: This would likely decrease supply because the increased cost of production would discourage companies from producing as much of the product.

D. Companies expect the price of the product to fall significantly: This would likely decrease supply because companies would be less motivated to produce a product that they expect to sell for a lower price in the future.

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