A Leftward Shift in the Supply Curve Indicates

question 93

Multiple Choice

A leftward shift in the supply curve indicates

• A)a decrease in the quantity supplied at each price.
• B)that an increase in income results in an increase in the quantity demanded at each price.
• C)that more is demanded at each price.
• D)an increase in the quantity supplied at each price.
• E)that more suppliers have entered the industry.

---

Definitions:

Developing Countries

Nations with lower levels of industrialization, lower standard of living, and lower Human Development Index (HDI) ratings compared to developed countries.

Adult Illiteracy

The condition in which an adult lacks the basic reading and writing skills needed for managing daily living and employment tasks.

Infrastructure

Infrastructure represents the fundamental facilities and systems serving a country, city, or area, including transportation, communication, sewage, water, and electric systems.

Import Quotas

Government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries from foreign competition.