Question

Which scenario would cause a producer to increase the supply of a product?

an unchanging demand
an increase in demand
a seasonal decline in demand
a sizable decrease in demand

Answer 1

An improvement in technology that reduces the cost of production will cause an increase in supply. Alternatively, you can think of this as a reduction in price necessary for firms to supply any quantity. Either way, this can be shown as a rightward (or downward) shift in the supply curve.

Step-by-step explanation:

Answer 2

An increase in demand

Step-by-step explanation:

When there is an increase in demand, the producer will increase the supply of a product to fulfill the demand.