If the Price of Inputs Decreases, the

question 149

Multiple Choice

If the price of inputs decreases, the

• A)demand curve will shift to the right.
• B)supply curve will shift to the right.
• C)demand curve will shift to the left.
• D)supply curve will shift to the left.

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Definitions:

Global Market

An international economic system allowing goods, services, and capital to move across national borders, increasing market competition globally.

Mass Manufacturing

A production process characterized by the large-scale manufacture of standardized products, utilizing assembly lines and advanced technology to achieve high efficiency.

Work Specialization

The process of dividing work activities into separate job tasks to increase efficiency and productivity through focus on specific skills or functions.

Efficiency

refers to the effective use of resources to achieve objectives with minimal waste or effort, often maximizing output with given inputs in various contexts, including business and technology.