(Figure: Interpreting Supply Shifts 2) a Shift to the Right

question 102

Multiple Choice

(Figure: Interpreting Supply Shifts 2) A shift to the right of the supply curve could be caused by a(n) :

• A) improvement in production technology.
• B) increase in the costs of resources.
• C) increase in the price of a complement.
• D) decrease in the number of sellers.

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Definitions:

Public Choice Analysis

A branch of economics that studies the decision-making behaviors of voters, politicians, and government officials from the perspective of economic theory.

Public Sector

The part of the economy that is owned and operated by government entities, providing services and goods to the public.

Individual Actors

Single entities, such as persons or companies, that perform actions or make decisions in economic, social, or political contexts.

Public Choice Analysis

A study of decision-making behaviors in non-market settings, emphasizing how public decisions and policies are made.