When Economists Say the Quantity Supplied of a Product Has

question 34

Multiple Choice

When economists say the quantity supplied of a product has increased, they mean the

• A) supply curve has shifted to the left.
• B) supply curve has shifted to the right.
• C) price of the product has risen, and consequently, suppliers are producing more of it.
• D) price of the product has fallen, and consequently, suppliers are producing less of it.

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Definitions:

Lion Gate

The main entrance of the Bronze Age citadel of Mycenae in Greece, characterized by its monumental structure and the iconic relief of two lions.

Mycenaean Site

Archaeological locations associated with the Mycenaean civilization in Greece, characterized by fortified palaces and rich grave goods.

Mycenae

An ancient city located in the Peloponnese of Greece, known for its significant archaeological sites from the Mycenaean civilization.

Spring Fresco

Refers to a fresco painting from the Bronze Age, found in Akrotiri on the island of Thera (modern Santorini), depicting a vibrant spring landscape.