Question

Please help.....

Which of the following would NOT lower the equilibrium price of a good ?
a) Lowered cost of raw materials and decreased popularity of the product b) Increased cost of raw materials and increased popularity of the product
c) More producers and fewer consumers d) More producers and a decrease in the price of a substitute good
e) A decrease in the incomes of the consumers of the good in question and decrease in the cost of production​

Answer 1

Answer: B. Increased cost of raw materials and increased popularity of the product

Answer 2

The answer is B because an increase in the price of resources along with an increase in quantity demanded would raise the equilibrium price