Which of the Following Shifts the Supply Curve for Good

question 132

Multiple Choice

Which of the following shifts the supply curve for good X leftward?

• A)a situation in which the quantity demanded of X exceeds the quantity supplied of X
• B)an increase in the cost of the machinery used to produce X
• C)a technological advance in the production of X
• D)a decrease in the wages of workers employed to produce X
• E)a situation in which the quantity supplied of X exceeds the quantity demanded of X

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Definitions:

Working Conditions

The environment in which an employee works, including safety standards, hours, and amenities, impacting their health and wellbeing.

Integrative Bargaining

A negotiation strategy that seeks win-win outcomes by addressing interests of all parties involved rather than focussing strictly on fixed positions.

Collective Bargaining

The process where workers, through their unions, negotiate contracts with their employers to determine pay, work conditions, benefits, and other work-related issues.

Bad Faith Bargaining

Negotiations where one or more parties refuse to engage sincerely or with the intent to reach an agreement, typically violating principles of honesty and fairness.