Which of the Following Would Shift the Supply Curve for a Good

question 13

Multiple Choice

Which of the following would shift the supply curve for a good to the left?  

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

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Definitions:

Peak-period Orders

Orders that occur at the highest volume times, often during seasonal or specific heavy demand periods.

Logistics Department

A division within a company that manages the movement of goods from the manufacturer to the end-user, covering transportation, warehousing, and inventory.

Operating Divisions

Sections or branches within a company that focus on distinct lines of business or market areas, responsible for their own revenues, expenses, and operations.

Variable Costs

Variable costs are expenses that vary directly with the level of production output, such as materials and labor costs.