Which of the Following Would Shift a Product's Supply Curve

question 145

Multiple Choice

Which of the following would shift a product's supply curve to the right?  

• A) an increase in the price of a resource used in the good's production 
• B) an increase in the price of the product 
• C) an increase in the price of an alternative good 
• D) an improvement in the technology for producing the good

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Definitions:

Rate of Return

The profit or deficit incurred on an investment during a designated time, shown as a fraction of the initial investment amount.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Accounting Break-even

The point at which total revenues exactly equal total explicit costs, leading to neither a profit nor a loss.