Which of the Following Is Most Likely to Shift the Supply

question 75

Multiple Choice

Which of the following is most likely to shift the supply curve for a product to the right?

• A)An increase in the price of a resource used in the good's production
• B)The expectation of a higher price in the near future
• C)An increase in the price of the product
• D)A decrease in the price of an alternative good
• E)An improvement in the technology for producing the good

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Definitions:

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income increases.

Proportional Tax

A tax system wherein the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Benefits Tax

A taxation principle where taxes are levied according to the benefits received by the taxpayer.