Which of the Following Would Shift the Supply Curve for Energy

question 149

Multiple Choice

Which of the following would shift the supply curve for energy drinks to the left?

• A)a decrease in the expected future price of energy drinks
• B)an increase in consumer income (assuming that energy drinks are normal goods)
• C)a decrease in the number of firms that produce energy drinks
• D)a decrease in the price of an input used to produce energy drinks

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Definitions:

Labor

The human effort, including physical and mental capabilities, used to produce goods or services.

CIO

The Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

Collective Bargaining

The process whereby labor unions and employers negotiate wages, hours, and working conditions on behalf of the employees.

Strikes

Work stoppages initiated by employees as a form of protest, typically to demand better working conditions, wages, or benefits from their employer.