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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 a decrease in the supply of the product.
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.
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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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 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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