Which of the Following Events Would Cause a Movement Upward

question 42

Multiple Choice

Which of the following events would cause a movement upward and to the right along the supply curve for mangos?

• A)The number of sellers of mangos increases.
• B)There is an advance in technology that reduces the cost of producing mangos.
• C)The price of fertilizer decreases,and fertilizer is an input in the production of mangos.
• D)The price of mangos rises.

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Definitions:

Product Flows

The movement of goods through the supply chain from the manufacturer to the end user, including all intermediate steps like transportation and warehousing.

Retailing

The selling of goods or services directly to consumers, usually in small quantities.

Consolidated

Combined into a single entity or group, often for the purposes of streamlining operations or improving efficiency.

Centralized

A model where decision-making and processes are consolidated at a single central point, often leading to efficiencies in inventory management, purchasing, and logistics.