Which of the Following Causes a Leftward Shift of the Supply

question 140

Multiple Choice

Which of the following causes a leftward shift of the supply curve?

• A)An increase in the number of producers
• B)An increase in the cost of production
• C)A government subsidy on production
• D)An increase in the price of the good being sold
• E)An improvement in production technology

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Definitions:

Local Union

A branch of a larger labor union representing workers in a specific geographic area or at a single company, focusing on local labor issues.

Job Enrichment

Enhancing a job by adding tasks that increase responsibility and opportunities for growth.

Career Growth

denotes the process of an individual’s professional progression through gaining skills, experiences, and responsibilities.

Collective Bargaining

Process of negotiation between management and union representatives.