If in the Market for Apples the Supply Has Decreased,then

question 42

Multiple Choice

If in the market for apples the supply has decreased,then

• A)the supply curve for apples has shifted to the right.
• B)there has been a movement upwards along the supply curve for apples.
• C)the supply curve for apples has shifted to the left.
• D)there has been a movement downwards along the supply curve for apples.

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Definitions:

Disinflation

A decrease in the rate of inflation, indicating a slowdown in the increase of prices over time.

Inflation Rate

The percentage increase in the general level of prices for goods and services in an economy over a period of time, typically measured annually.

Average Level

A mean or typical value obtained by dividing the total of all observed values of a variable by the number of observations.

Discouraged Workers

Individuals who are not actively seeking employment due to believing that no jobs are available for them or there are no jobs for which they would qualify.