Multiple Choice
Which of the following is most likely to shift the supply curve for a product to the right?
A) An increase in the price of a resource used in the good's production
B) The expectation of a higher price in the near future
C) An increase in the price of the product
D) A decrease in the price of an alternative good
E) An improvement in the technology for producing the good
Correct Answer:
Verified
Correct Answer:
Verified
Q70: A decrease in the price of peanuts
Q71: If the government imposes a ceiling price
Q72: Figure 4.5 shows the supply curves of
Q73: If supply of a good increases while
Q74: Suppose a market is in equilibrium.An increase
Q76: Which of the following is likely to
Q77: Which of these is likely to increase
Q77: The slope of the demand curve for
Q78: If demand increases and supply decreases in
Q79: Suppose you drink more tea because the