Question

The supply of a good available in a market is likely to decrease when:

A. technology used to make the product becomes widely available.
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B. few workers have the skills needed to create the product.
C. companies believe that the product's selling price will go up.
© D. governments reduce regulations and taxes on a product.
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Answer 1

Option B

Step-by-step explanation:

When governments reduce regulations and taxes on a product the overall price of the product reduces and hence the demand increase and hence option D is not correct

When the cost of the product increases, then the supply is increased by the companies. Hence option C is also not correct

Option B is correct because few skilled workers will not be able to produce goods in excess amount and hence there will be reduction in supply of product in the market.