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:

Compounded Rate

The rate at which interest is calculated on the initial principal and the accumulated interest of previous periods.

Compounded Monthly

The calculation of interest on both the initial principal and the accumulated interest from previous months.

Monthly Payments

Payments that are due every month, as in the case of a loan or lease.

Withdrawals

Acts of removing funds from a savings or investment account, which can impact the account's growth or income-producing ability.