Which of the following could cause a decrease in the supply of jelly?
Which of the following could cause a decrease in the supply of jelly?
Instructions: You may select more than one answer. Click the box with a check mark for correct answers
and click to empty the box for the wrong answers.
An increase in the price of jelly.
An increase in the price of peanut butter.
A decrease in the expected future price of jelly.
A decrease in income, if jelly is an inferior good.
An increase in the price of sugar, an input to jelly production.
Homework Answers
Following factors can lead to decrease in the supply of a good
-
1. Increase in price of other goods.
2. Increase in price of inputs.
3. Degradation of technology or production technology becomes outdated.
4. Increase in taxes by the government or reduction in subsidies being provided by the government.
So,
A decrease in the supply of Jelly could be caused by an increase in the price of sugar, an input to jelly production.
Hence, the correct answer is the option (5).
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