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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.4
A decrease in the price of raw materials used in the production process would likely result in which of the following?
An increase in production costs and no change in the supply of the product.
No change in production costs and no change in the supply of the product.
An increase in production costs and a decrease in the supply of the product.
A decrease in production costs and an increase in the supply of the product.
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AP Microeconomics - 2.4 Price Elasticity of Supply
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Price of raw materials
Production process
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Resources
Cram Mode
AP Score Calculators
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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