Which of the Following Might Cause the Supply Curve for an Inferior

question 38

Multiple Choice

Which of the following might cause the supply curve for an inferior good to shift to the right?

• A)an increase in input prices
• B)a decrease in consumer income
• C)an improvement in production technology that makes production of the good more profitable
• D)a decrease in the number of sellers in the market

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Definitions:

Close Supervision

A management style involving careful and continuous oversight of employees' activities to ensure tasks are performed correctly.

Participatives

A leadership style or approach that involves all members of a team in the decision-making process.

Immediate Rewards

Incentives or rewards given instantly after a desired behavior, used to reinforce that behavior.

Decision-making Process

A series of steps taken by individuals or groups to choose the best action among several options.