A Rightward Shift in the Supply Curve for a Product

question 164

Multiple Choice

A rightward shift in the supply curve for a product could be caused by all of the following except one.Which is the exception?

• A)The expectation of suppliers that the future price of the product will increase
• B)A decrease in the price of a productive resource used in its manufacture
• C)A decrease in the price of a product that is a substitute in production
• D)A technological improvement in manufacturing methods for the product

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Definitions:

Segmentation Base

Criteria used to divide a market into distinct groups of buyers with different needs, characteristics, or behavior who might require separate products or marketing mixes.

Customer Lifetime Value

A projection of the total value a business will derive from their entire relationship with a customer, considering both revenues and costs over the customer's lifespan with the business.

Financial Worth

The total value of all assets owned by an individual or organization, minus any liabilities owed.

Company Relationship

The interactions and connections between a business and its stakeholders, including customers, employees, investors, and suppliers.