Which of the Following Would Shift the Supply Curve for MP3

question 76

Multiple Choice

Which of the following would shift the supply curve for MP3 players to the right?

• A)an increase in the price of a substitute in production
• B)an increase in consumer income (assuming that all MP3 players are normal goods)
• C)a decrease in the number of firms that produce MP3 players
• D)a decrease in the price of an input used to produce MP3 players

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Definitions:

Manager

A person responsible for controlling or administering all or part of a company or similar organization, overseeing and directing the work of others.

Management By Objectives (MBO)

A management strategy in which employees set objectives that contribute to organizational goals, promoting alignment and engagement.

Setting Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals for an individual, team, or organization.

Operational Planning

The process of setting short-term objectives and determining the best methods to achieve them within the framework of the organization's overall strategic plan.