In the market for ketchup, which of the following would cause an increase in supply? Multiple Choice Businesses receive a higher subsidy on production of ketchup. There is an increase in consumer preference for ketchup. The price of ketchup increases. There is an increase in the price of tomatoes, an input into the production of ketchup.

In the market for ketchup, which of the following would cause an increase in supply? Multiple Choice Businesses receive a higher subsidy on production of ketchup. There is an increase in consumer preference for ketchup. The price of ketchup increases. There is an increase in the price of tomatoes, an input into the production of ketchup.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter3: Demand, Supply, And The Market Process

Section: Chapter Questions

Problem 1CQ

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