Which Factor Would Cause a LEFTWARD Shift in the Supply

question 207

Multiple Choice

Which factor would cause a LEFTWARD shift in the supply curve for a good?:

• A)an increase in the number of sellers
• B)a technological improvement in production
• C)an increase in the cost of an input
• D)an increase in the number of buyers

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Definitions:

Disintermediation

The process of removing intermediaries or middlemen from a supply chain, typically to allow producers to sell directly to consumers.

Channel Conflict

A situation in which there is discord or disagreement among marketing channel members, such as manufacturers, wholesalers, and retailers, usually over goals, roles, or rewards.

Channel Member

An entity (e.g., manufacturer, distributor, retailer) that plays a role in the distribution and sale of goods and services in the supply chain.

Sells Directly

The practice of selling products or services directly to the customer, bypassing any intermediaries or third-party retailers.