5. KEY QUESTION What effect will each of the following have on the supply of product B?

a. A technological advance in the methods of producing product B.

b. A decline in the number of firms in industry B.

c. An increase in the prices of resources required in the production of B.

d. The expectation that the equilibrium price of B will be lower in the future than it is currently.

e. A decline in the price of product A, a good whose production requires substantially the same techniques and resources as does the production of B.

f. The levying of a specific sales tax on B.

g. The granting of a 50-cent per-unit subsidy for each unit of B produced.