What Might Cause a Supply Function to Shift to the Left

question 50

Multiple Choice

What might cause a supply function to shift to the left today?

• A)An increase in the product's own price.
• B)An expectation that the product's price will fall in the future.
• C)An expectation that the product's price will rise in the future.
• D)A decrease in the price of one of the inputs to making the product.

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Definitions:

Financial Intermediary

An institution that acts as a middleman between savers and borrowers, such as a bank or investment firm.

Fund Manager

An individual responsible for making investment decisions for a portfolio of securities, implementing investment strategies for a mutual fund or institutional investor.

Shareholders

Individuals or entities that own shares in a corporation and therefore have an ownership interest in the company.

Privately-Held Firms

Businesses whose ownership is private, meaning their shares are not traded on public stock exchanges.