Which of the Following Shifts the Supply Curve for Good

question 132

Multiple Choice

Which of the following shifts the supply curve for good X leftward?

• A)a situation in which the quantity demanded of X exceeds the quantity supplied of X
• B)an increase in the cost of the machinery used to produce X
• C)a technological advance in the production of X
• D)a decrease in the wages of workers employed to produce X
• E)a situation in which the quantity supplied of X exceeds the quantity demanded of X

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Definitions:

Swiss Franc

The currency of Switzerland, known for its strength and stability, symbolized as CHF.

Creditor Nation

A country that has more claims (investments and loans) on other countries than other countries have on it, typically indicated by a positive balance of payments.

Current Account Deficit

A situation where a country's total imports of goods, services, and transfers exceed its total exports.

Swiss Francs

The currency of Switzerland and Liechtenstein, known by the ISO code CHF, and recognized for its stability and reliability.