Which of the Following Might Cause the Supply Curve for an Inferior

question 38

Multiple Choice

Which of the following might cause the supply curve for an inferior good to shift to the right?

• A)an increase in input prices
• B)a decrease in consumer income
• C)an improvement in production technology that makes production of the good more profitable
• D)a decrease in the number of sellers in the market

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Definitions:

Likert Scale

A psychometric scale commonly used in questionnaires to gauge attitudes or responses, where participants indicate their level of agreement with a statement along a linear scale.

Contrast Error

An error in performance appraisals where an employee's evaluation is based on a comparison with another employee rather than on individual performance criteria.

Graphic Rating Scales

A method used in performance appraisals where employees are rated on a scale to evaluate their work performance.

Maintenance Stage

a phase in the life cycle of a product, service, or system where the focus is on sustaining performance through regular upkeep and repair.