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

question 238

Multiple Choice

Which of the following would shift the supply curve for a good to the left?

• A)an increase in the price of that good
• B)a decrease in the price of an alternative good
• C)an improvement in technology for producing that good
• D)an increase in the cost of an important resource used to make that good
• E)an increase in the number of producers

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Definitions:

Consumers

Individuals or groups who purchase goods and services for personal use or consumption.

Climate Change

is the long-term alteration of temperature and typical weather patterns in a place, largely attributed to human activities such as burning fossil fuels.

World Wide Fund

An international non-governmental organization working on issues regarding the conservation, research, and restoration of the environment, commonly known by its initials WWF.

Fear

An unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.