A Shift to the Left of a Supply Curve Is

question 185

Multiple Choice

A shift to the left of a supply curve is caused by:

• A) an increase in the number of sellers.
• B) a technological improvement.
• C) an increase in the returns from other supply possibilities.
• D) an increase in the number of buyers.

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Definitions:

Local And Regional

Pertaining to a specific geographic area or community, often used to describe businesses or services that cater to a particular area or region.

Site Selection

The process of choosing an optimal location for a business or facility, based on factors like customer accessibility, costs, and resources.

Proximity Of Suppliers

The closeness or geographical distance of suppliers to the business, which can impact lead times, transportation costs, and inventory management.

Labor Pool

The supply of available workers in a particular area or sector.