If the Number of Suppliers of Good Y Increases, Then

question 168

Multiple Choice

If the number of suppliers of good Y increases, then

• A)a movement up along the supply curve of good Y will occur.
• B)a movement down along the supply curve of good Y will occur.
• C)the supply curve of good Y shifts rightward.
• D)the supply curve of good Y shifts leftward.
• E)the supply curve of good Y will remain unchanged.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, recognizing income and changes in investment value in proportion to the ownership percentage.

Appraised Value

An estimation of the value of property, typically real estate, as determined by a professional appraiser based on market conditions and property characteristics.

Equity Income

Income that comes from stock dividends or the sale of shares, reflecting earnings from investment in equity securities.