Which of the Following Would Shift the Supply Curve for Energy

question 149

Multiple Choice

Which of the following would shift the supply curve for energy drinks to the left?

• A)a decrease in the expected future price of energy drinks
• B)an increase in consumer income (assuming that energy drinks are normal goods)
• C)a decrease in the number of firms that produce energy drinks
• D)a decrease in the price of an input used to produce energy drinks

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Definitions:

Culture

The collective norms, values, beliefs, and behaviors that define an organization and influence its members' interactions and decision-making.

Tight Culture

A culture that has rigid social norms and that expects members to conform with them.

Norms

The unwritten rules that dictate the social and expected behaviors within a group or society.

Hofstede's Research

A foundational study in cross-cultural psychology that identified six dimensions of national culture affecting the behavior of individuals within organizations.