Which of the Following Is Most Likely to Shift the Current

question 49

Multiple Choice

Which of the following is most likely to shift the current supply curve of a good to the right?

• A) an increase in the price of a resource used in the good's production
• B) an expectation of a higher price in the near future
• C) an increase in the price of the good
• D) a decrease in the price of an alternative good
• E) an improvement in the technology used in the good's production

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Definitions:

Commercial Relationships

Commercial relationships involve interactions and exchanges between businesses or between businesses and consumers, focused on the buying, selling, or trading of goods or services.

National Conference

A large formal gathering that focuses on specific issues or topics, typically organized on a national level, involving participants from across the country.

Commissioners

Officials or a board charged with the administration or regulation of certain laws and services in a specific area or field.

Uniform State Laws

Laws enacted by various states that are intended to be consistent across jurisdictions, usually through the adoption of model statutes.