Multiple Choice
Which one of the following would cause a rightward shift of the supply curve?
A) A new tax is imposed on production of the good.
B) Some firms that have been producing the good go out of business.
C) There is an increase in demand for the good.
D) Firms producing the good find ways of lowering their production costs.
Correct Answer:

Verified
Correct Answer:
Verified
Q112: Which of the following will cause an
Q113: If two goods are substitutes, then<br>A) an
Q114: The market demand curve is the _
Q115: Scarcity can be eliminated by increasing the
Q116: What will happen when the price of
Q118: What condition characterizes a shortage?<br>A) Quantity supplied
Q119: In deciding how much of a good
Q120: Which of the following statements is FALSE?<br>A)
Q121: The equilibrium price of a good is
Q122: How would a decrease in the price