Some Producers Are Chatting

question 13

Multiple Choice

Some producers are chatting.Which one of the following quotations refers to a leftward shift of the supply curve?

• A)"Wage increases have forced us to raise our prices."
• B)"Our new,sophisticated equipment will enable us to undercut our competitors."
• C)"Raw material prices have sky-rocketed;we will have to pass the cost on to our customers."
• D)"We anticipate a big increase in demand.Our product price should rise,so we are planning for an increase in output."
• E)Both A and C

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Definitions:

Heart Rates

The quantity of heart pulses within a given time frame, usually measured in beats per minute (BPM).

High and Invariable

Describes something that consistently occurs at a great intensity, level, or degree without variation.

Low and Variable

Describes something that not only possesses minimal intensity or quantity but also fluctuates or changes often.

Difficult Temperament

A temperament style characterized by high levels of irritability, low adaptability, and intense emotional responses.