When Economists Say the Quantity Supplied of a Product Has

question 173

Multiple Choice

When economists say the quantity supplied of a product has decreased, they mean the

• A) supply curve has shifted to the left.
• B) supply curve has shifted to the right.
• C) price of the product has risen, and consequently, suppliers are producing more of it.
• D) price of the product has fallen, and consequently, suppliers are producing less of it.

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Definitions:

Immunoassays

Laboratory techniques used to measure the concentration of substances in the body by using an immune response, typically involving antibodies or antigens.

Antigens

Foreign substances in the body that trigger an immune response.

Antibodies

Proteins produced by the immune system in response to foreign substances (antigens), binding to them to help neutralize or eliminate them.

Panic Value

An important indicator on a lab test that indicates immediate notification of the health care provider.