In which situation would the price of the hardwood flooring we are producing most likely increase?
A new technology allows us to increase our output and produce twice as much hardwood flooring in one day than before.
O New companies have joined the market to produce hardwood flooring giving us more competition in our industry.
O There is not a situation in which the price of our hardwood flooring would increase.
An increase in production costs results from a rise in wages.