Which of the Following Will Cause a Leftward Shift of the Supply

question 41

Multiple Choice

Which of the following will cause a leftward shift of the supply curve for electricity?

• A) A decrease in the costs associated with the production of electricity.
• B) A decrease in consumer incomes.
• C) An increase in the taxes on electricity production.
• D) An increase in the price of electricity.

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Definitions:

Calcium Carbonate

A chemical compound, CaCO3, found in rocks (as the minerals calcite and aragonite) and is the main component of pearls, the shells of marine organisms, snails, and eggs.

Limestone

A sedimentary rock composed mainly of calcium carbonate, often formed from the skeletal remains of marine organisms.

Calcite

A common crystalline form of natural calcium carbonate, CaCO3, that is the primary constituent of limestone and marble.

Precipitation

Any kind of water, be it liquid or frozen, that drops from the sky to the ground, covering all forms such as rain, snow, sleet, and hail.