Indicate Whether Each of the Following Situations Would Shift the Supply

question 30

Short Answer

Indicate whether each of the following situations would shift the supply curve to the left, to the right, or not at all.
a.An increase in the number of firms in the market
b.An increase in the current price of the product
c.A decrease in productivity
d.An increase in the expected future price of a product
e.A decrease in the price of an input

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Definitions:

Pointing Device

A hardware input device used to interface with a computer screen or monitor, such as a mouse or trackpad.

Touch Pad

A touch-sensitive interface used as a pointing device on computers and other electronic devices.

Notebook Computer

A portable computer with a screen and keyboard, designed for mobile use.

AC Adapter

An external device that converts alternating current (AC) from a wall outlet to a specific voltage and current to power or charge an electronic device.