Suppose there is an exogenous change to the market for apples that caused supply of apples to increase by 20,000 kgs at every price, which of the following would NOT explain this exogenous change? An increase in number of sellers. Technological improvement

Suppose there is an exogenous change to the market for apples that caused supply of apples to increase by 20,000 kgs at every price, which of the following would NOT explain this exogenous change? An increase in number of sellers. Technological improvement

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose there is an exogenous change to the market for apples
that caused supply of apples to increase by 20,000 kgs at every
price, which of the following would NOT explain this exogenous
change?
An increase in number of sellers.
O Technological improvement.
Reduction in cost of inputs.
O Increase in population size.
O Favourable environmental/climate conditions.

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