Suppose That Many Coal Mines Are Shut for Environmental Reasons

question 116

Multiple Choice

Suppose that many coal mines are shut for environmental reasons.This will cause

• A)no change in the supply curve,only a change in price.
• B)a movement up the supply curve.
• C)an increase in the supply of coal (a rightward shift of the supply curve).
• D)a decrease in the supply of coal (a leftward shift of the supply curve).
• E)a movement down the supply curve.

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Definitions:

Franz Colruyt

The founder of Colruyt Group, a Belgian multinational retail corporation, known for its commitment to cost efficiency and environmental sustainability.

International Operations Strategies

Strategic approaches adopted by businesses to manage and operate their physical and logistical operations across different countries, considering factors such as localization, global standardization, and supply chain management.

Local Responsiveness

The ability of a company or organization to meet the needs and preferences of local markets or environments.

Low Cost Reductions

refers to strategies implemented to decrease expenses in a business operation without significantly impacting product or service quality.