Question

Which would cause an increase in the supply curve of cell-phone services? Multiple Choice a decrease in a subsidy given to cell-phone service providers 0 an increase in the taxes paid by cell phone service providers 0 o a decrease in the wages of cell phone company workers 0 an increase in the price of cell phone services

Answer 1

Decrease in the wages of cell phone company workers cause an increase in the supply curve of cell-phone services.

What is a supply curve?

In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply. The graph's horizontal axis represents supply quantity and the vertical axis represents product pricing.

Given that there is a direct correlation between product price and amount delivered, the supply curve is typically depicted as a slope increasing higher from left to right. Certain ceteris paribus (other things being equal) requirements must hold true for this relationship to exist.

The quantity of sellers in the market, the level of technology, the cost of manufacturing, the seller's price expectations, and the costs of comparable goods are a few examples of such factors.

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