When Economists Say the Quantity Supplied of a Product Has

question 173

Multiple Choice

When economists say the quantity supplied of a product has decreased, they mean the

• A) supply curve has shifted to the left.
• B) supply curve has shifted to the right.
• C) price of the product has risen, and consequently, suppliers are producing more of it.
• D) price of the product has fallen, and consequently, suppliers are producing less of it.

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Definitions:

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The manner in which a parent behaves towards and interacts with their child, including disciplinary strategies, warmth, and communication.

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The overarching mood or atmosphere within a particular setting, influenced by the collective emotions and interactions of its members.

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An exchange of information where both parties send and receive messages, enabling dialogue and understanding.

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The process of incorporating the values, attitudes, and norms of the surrounding culture into one's own belief system and behaviors.