Which of the Following Shifts the Supply Curve Rightward

question 475

Multiple Choice

Which of the following shifts the supply curve rightward?

• A) an increase in the population
• B) a positive change in preferences for the good
• C) a decrease in the price of the good
• D) a decrease in the price of a factor of production used to produce the good

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Definitions:

Transaction Cost

The expenses incurred when buying or selling goods or services, which may include fees, taxes, and other charges.

Contracts

Legally binding agreements between two or more parties.

Judicial System

The network of courts and tribunals responsible for interpreting and applying the law in legal cases.

Customer Relations

Customer Relations involve the strategies and techniques that businesses use to maintain and enhance interactions and relationships with their customers.