In which of the following situations would the price of a good be most likely to increase?

An increase in production costs results from a rise in wages.

A rise in demand happens too quickly for producers to increase production to keep up.

A breakthrough in productive technology enables a company to increase its output.

There's a sudden increase in the number of companies competing to sell the good.

i think b

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  2. 👎
  3. 👁
  1. its the first one

    1. 👍
    2. 👎

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