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QSearch the web &ttps//www.mathd.com/Student/PlayerTest sphel-186141622 gl ECON 2410 D01 Fall 2018 Taylor Gaither &9/10/18 4:33 PM Quiz: Quiz Chapter3 Submit Quiz This Question: 1 pt 4 18 of 20 (16 complete) This Quiz: 20 pts possible Suppose that the table shows the quantity supplied of UGG boots at five diferent prices in 2018 and in 2019 Quantity Supplied 7018 20,000 25,000 30,000 35,000 Quanitity Supplied Refer to the table and note the change in the supply of UGG boots from 2018 to 2019 019 30,000 35,000 40.000 45,000 50,000 160 Which of the fbollowing could explain the change in supply observed in 2019 (Check all that apply 170 180 190 20040,000 C A. An increase in the price of UGG boots C. A decrease n the pice of a substitute in production D. An increase in the number of sellers Click to select your ansiwerrs) r summer Change in Quantity Demanded

Explanation / Answer

Ans) C and D are correct. A decrease in the price of a substitute in production. An increase in the number of sellers.

A decrease in the price of a substitute in production. Since the price of substitute in production has decreased will lead to decrease in cost of production so the supply will increase. An increase in the number of sellers will increase the total supply of the good.

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