Which of the Following Would Shift the Supply Curve for Smartphones

question 56

Multiple Choice

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

• A)an increase in the price of a substitute in production
• B)an increase in consumer income (assuming that all smartphones are normal goods)
• C)a decrease in the number of firms that produce smartphones
• D)a decrease in the price of an input used to produce smartphones

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Definitions:

Technicality

A minor detail affecting a legal decision or process that may have implications for the outcome of a case or the execution of a contract.

Ethical Practice

The adherence to moral principles and standards in professional and personal actions, ensuring fairness, transparency, and integrity.

Public Sector

The part of the economy that is controlled by the government, encompassing public services and enterprises.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, not controlled by the state.