The Supply Curve Might Shift Inwards with Less Supplied at Each

question 10

Multiple Choice

The supply curve might shift inwards with less supplied at each price if:

• A) There are less firms producing.
• B) There are lower production costs.
• C) The market price falls.
• D) There is an improvement in the level of technology in the industry.

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Definitions:

EPA's Clean Air Act

A U.S. federal law aimed at controlling air pollution on a national level, administered by the Environmental Protection Agency (EPA).

National Effluent Standards

Regulations established to control the discharge of pollutants from point sources into water bodies, ensuring environmental protection.

Clean Water Act

A United States federal law aiming to regulate the discharge of pollutants into the waters of the United States and to quality standards for surface waters.

Wetlands

Areas of land where saturation with water is the dominant factor determining the nature of soil development and the types of plant and animal communities living in the soil and on its surface.