Refer to the Accompanying Figure

question 77

Multiple Choice

Refer to the accompanying figure.What event would cause the supply curve to shift out?

• A) Consumers earn higher incomes.
• B) Consumers earn lower incomes.
• C) The price of an input increased.
• D) Firms entered the market.
• E) Firms expected the price to rise in the future.

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Definitions:

Culture

The collective beliefs, practices, arts, institutions, and all other products of human work and thought characteristic of a community or population.

Genetics

The study of heredity and the variation of inherited characteristics.

Evolution

The mechanism by which diverse living entities are considered to have emerged and varied from previous versions throughout Earth's past.

Intelligence Measures

Tools or tests used to evaluate and quantify an individual's intellectual abilities and capacities.