4) Which of the following increases the supply of a product? * (See Chapter 4, section 4.2) A) lower prices for the resources used to produce the product B) some producers going bankrupt and leaving the industry C) a higher price for the product D) an increase in the expected future price of the product E) a decrease in productivity\

The lower prices for the resources used to produce the product increases the supply of a product.

Option: A

Explanation:

If the price of any manufacturing factor like labor, raw materials, machinery reduces, the amount that manufacturers are willing (and ready) to deliver at a given price rises. Manufacturers with lower prices at a given price will often be able to create more of a commodity than those with increased costs. Hence a reduction in the prices of production would increase the supply. Likewise, the amount provided at a given price would decline if the manufacturing costs rise. Increased costs imply that manufacturers must generate less in order to be able to sell a commodity at a specified price.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

the correct answer is b.)