Question: Good X is produced in a competitive market using input A . Explain what would happen to the supply of good X in each of

Good X is produced in a competitive market using input A. Explain what would happen to the supply of good X in each of the following situations:
a. The price of input Aincreases.
multiple choice 1
It will decrease.
It will not change.
It will increase.
b. An excise tax of $3 is imposed on good X.
multiple choice 2
It will not change.
It will decrease.
It will increase.
c. An ad valorem tax of 7 percent is imposed on good X.
multiple choice 3
It will not change.
It will decrease.
It will increase.
d. A technological change reduces the cost of producing additional units of good X.
multiple choice 4
It will decrease.
It will increase.
It will not change.

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