Food Xis 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 .4 decreases. 0 It will decrease. Q It will not change. 0 It will increase. b. An excise tax of $3 is imposed on good X. D It will not change. 0 It will increase. 0 It will decrease. c. An ad valorem tax of 7 percent is imposed on good X. D It will increase. 0 It will not change. 0 It will decrease. d. A technological change reduces the cost of producing additional units of good X. 0 It will increase. 0 It will not change. 0 It will decrease