Which of the Following Events Would Cause a Rightward Shift

question 26

Multiple Choice

Which of the following events would cause a rightward shift in the supply curve for automobiles?

• A) An improvement in the technology used to produce automobiles.
• B) An increase in the cost of labor for automobile producers.
• C) An increase in taxes for automobile producers.
• D) A decrease in the number of sellers.

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Definitions:

Lessor

A lessor is the party that leases or rents a property or asset to another party, known as the lessee.

Capital Lease

A lease arrangement that is recorded as an asset on the lessee's balance sheet, essentially treated as a purchase of the leased asset for accounting purposes.

Transfer of Ownership

The act of passing the legal title of an asset from one entity or individual to another.