Other Things Constant, Which of the Following Would Shift the Supply

question 183

Multiple Choice

Other things constant, which of the following would shift the supply curve of a good to the left?

• A) an increase in the price of that good
• B) a decrease in the price of an alternative good
• C) an improvement in technology used in producing the good
• D) an increase in the cost of an important resource used to produce the good
• E) an increase in the number of producers of the good

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Definitions:

Straight Line Amortization

A method of allocation of an asset's cost over its useful life in equal annual amounts.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Non-Controlling Interest

A stake in a company that is not large enough to control company decisions, representing ownership by minority shareholders in a subsidiary not wholly owned by the parent.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's profit or losses.