The Supply Curve for a Good Will Shift to the Left

question 100

Multiple Choice

The supply curve for a good will shift to the left if:

• A) the price of a substitute good falls.
• B) a new technology improves the ?rm's productivity.
• C) new ?rms enter the market.
• D) the cost of inputs increases.

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Definitions:

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.

Superior Mesenteric Vein

A large vein that drains blood from the small intestine, cecum, and part of the colon and pancreas into the hepatic portal vein.

Splenic Vein

A vein that drains blood from the spleen, pancreas, and portions of the stomach, emptying into the portal vein.

Hepatic Portal Vein

A blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver for processing.