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:

Proxies

Authorized representatives allowed to vote on behalf of another person, especially in the context of corporate shareholder meetings.

Shareholder Meetings

Shareholder meetings are gatherings where the owners of shares in a company come together to discuss company affairs, make decisions, and vote on corporate matters.

Right to Vote

The legal privilege given to eligible citizens to participate in the election of government officials.

Appraisal Rights

Legal rights that allow shareholders to have their shares appraised and receive compensation in the event of an unfavorable corporate action.