Which of the Following Would Cause Supply to Shift to the Right

question 53

Multiple Choice

Which of the following would cause supply to shift to the right?

• A)The number of firms in the industry falls.
• B)Demand for the good increases.
• C)The production technology improves.
• D)The price of the good increases.

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Definitions:

Warranty Repairs

Services provided to fix or replace products that fail to perform as expected within a given warranty period, usually at no cost to the customer.

Note Proceeds

The amount of money received from issuing notes payable, which is a loan or credit extended by financial institutions or others.

Discounted Note

A note receivable or payable that is issued at a discount to its face value and upon which interest reflects the difference between the face value and the issued price.

Discounted Note

A promissory note issued at a price lower than its face value, with the distinction being the interest earned by the lender.