Which of the Following Would Shift the Supply Curve for a Product

question 139

Multiple Choice

Which of the following would shift the supply curve for a product to the right?

• A)an increase in the price of a resource used in the good's production
• B)the expectation of a higher price in the near future
• C)an increase in the price of the product
• D)an increase in the price of an alternative good
• E)an improvement in the technology for producing the good

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Definitions:

Consciousness Raising

A strategy used in social movements and psychology to increase awareness about a particular issue or set of issues, aimed at encouraging change in societal attitudes or personal behavior.

Treatment Completion

The process of finishing a prescribed course of therapy or medical treatment.

Demographic Characteristics

Attributes of populations that can be measured statistically, such as age, gender, income, education, and ethnicity.

Stage Of Change

A concept from the Transtheoretical Model which describes the phases an individual goes through in the process of altering behavior.