Which of the Following Will Cause a Movement Along the Supply

question 68

Multiple Choice

Which of the following will cause a movement along the supply curve?

• A) An increase or decrease in the raw materials costs.
• B) An increase in labor costs.
• C) Changes in the cost of the machinery used to make a good.
• D) Changes in the market price of a good, other things held constant.

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Definitions:

Intent

The purpose or design behind an action, often relevant in legal contexts to establish mental state or culpability.

Tenancy for Years

A leasehold interest in property for a definite period, which could be for any set length of time.

Implied Renewal Right

An implied renewal right is a legal principle that suggests a contract or agreement extends automatically beyond its original term unless one party gives notice to end it.

Personal Representative

Executors and administrators of wills in states that have adopted the Uniform Probate Code.