The Supply Curve for a Good Will Shift to the Right

question 22

Multiple Choice

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

• A) some ?rms in the market close down and exit the market.
• B) the costs of labour used in producing the good increase.
• C) the costs of capital used in producing the good increase.
• D) a cost-reducing technology is introduced in production.

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Definitions:

Prenatal Examination

medical check-ups and tests performed during pregnancy to monitor the health of the mother and the developing fetus.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, typically measured on the upper arm.

Pelvic Examination

A physical examination of the female pelvic organs to assess health and diagnose diseases.

Thyroid

A gland in the neck that produces hormones regulating growth, metabolism, and energy.