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:

Else If

A conditional statement in programming that specifies a new condition to test if the previous condition(s) is false.

Macro Action

A predefined action or set of actions that can be triggered in software to automate repetitive tasks.

Change

To make or become different; in computing, it often refers to modifying the content, settings, or properties of files, databases, or software.

OpenReport

A command or method in database applications used to open reports for viewing or printing.