Advanced Placement (AP) College

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

Answers

Answer 1

Answer:

B: New technology allows the product to be made quicker

If a product can be made quicker, you can make more products in less time, resulting in more supply/stock.

Answer 2

New technology allows the product to be made more quickly. The correct option is B.

What is technology?

The tools, methods, and systems used to create, process, store, and exchange information, or to perform tasks that make life easier and more efficient, are referred to as technology.

Because it improves the efficiency of the manufacturing process, the development of new technology that allows a product to be manufactured more quickly can increase the supply of that product.

Lowering production costs can make it more profitable for producers to supply more product to the market.

As a result, they may increase production to meet rising demand or to take advantage of lower production costs, resulting in an increase in product supply.

Thus, the correct option is B.

For more details regarding technology, visit:

https://brainly.com/question/9171028

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