A Change in Which One of the Following Factors Would

question 271

Multiple Choice

A change in which one of the following factors would shift the aggregate supply curve?

• A) personal income taxes
• B) consumer spending
• C) government regulation
• D) profit expectations on investment projects

---

Definitions:

Increasing Cost Industry

An increasing cost industry is one in which production costs rise as the industry's output increases, often due to scarce resources or increasing input prices.

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit.

Firm

An organization or business entity engaged in commercial, industrial, or professional activities.

Quantity

The amount or number of a material or immaterial entity.