Which of the Following Would Shift the Supply Curve for a Good

question 238

Multiple Choice

Which of the following would shift the supply curve for a good to the left?

• A)an increase in the price of that good
• B)a decrease in the price of an alternative good
• C)an improvement in technology for producing that good
• D)an increase in the cost of an important resource used to make that good
• E)an increase in the number of producers

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Definitions:

Copyright

Copyright is a legal right granted by the government to creators for their original works of authorship, providing exclusive control over the use and distribution for a limited time.

Obsolescence

The process of losing value or utility, often due to technological advancements, changes in consumer preferences, or wear and tear.

Quality of Receivables

An assessment of the likelihood that the amounts owed to a business by its debtors will be collected.

Likelihood of Collection

An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.