A Rightward Shift of a Market Supply Curve Might Be

question 71

Multiple Choice

A rightward shift of a market supply curve might be caused by:

• A)the entry of new firms in the industry.
• B)an increase in the wages of labor employed in the industry.
• C)an increase in the price of the final product.
• D)a decrease in the income of consumers.
• E)an increase in the price of a substitute good.

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Definitions:

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The pressure exerted by steam, especially in steam engines or cooking devices, often measured in pounds per square inch (psi) or bar.

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A scale for temperature measurement where water freezes at 32 degrees and boils at 212 degrees under standard atmospheric pressure.

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