Expansion in supply refers to a situation when the producers are willing to supply a
A. larger quantity of the commodity at an increased price.
B. larger quantity of the commodity due to increased taxation on that commodity.
C. larger quantity of the commodity at the same price.
D. larger quantity of the commodity at the decreased price.
Answer:A
Expansion in supply refers to a situation when the producers are willing to supply a
A. larger quantity of the commodity at an increased price. B. larger quantity of the commodity due to increased taxation on that commodity. C. larger quantity of the commodity at the same price. D. larger quantity of the commodity at the decreased price.