The Market Supply Curve for Wooden Shipping Crates Would Shift

question 89

Multiple Choice

The market supply curve for wooden shipping crates would shift to the right

• A)if a government subsidy for shipping crates is withdrawn.
• B)if the prices of inputs fall.
• C)if a tax is applied to shipping crates.
• D)if suppliers leave the industry.
• E)if technological conditions for the production of crates deteriorates.

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Definitions:

Whig Leader

A political leader associated with the Whig Party, historically advocating for parliamentary supremacy and against absolute monarchy.

William Pitt

A British statesman of the 18th century known as William Pitt the Younger, who served as Prime Minister of Great Britain and is known for his leadership during the Napoleonic Wars.

Authoritative Right

The power or right, often vested in a governing body or leader, to enforce laws, command, or make decisions.

Legislation

Laws or acts passed by a legislative body, such as a parliament or congress.