Any Factor That Shifts the Supply Curve Inward and to the Left

question 197

True/False

Any factor that shifts the supply curve inward and to the left and does not affect the demand curve will raise the equilibrium price and reduce the equilibrium quantity.

---

Definitions:

Second Wave

Often refers to the second phase or generation of a movement, notably used in the context of the second wave of feminism in the 1960s-1980s focusing on equality and discrimination.

Feminism

A movement aimed at advocating for women's rights on the grounds of political, social, and economic equality to men.

Social Organizations

Structured groups of people that come together to pursue shared goals or perform specific functions within society.

Liberal Feminism

A branch of feminism that focuses on achieving gender equality through political and legal reform.