Indicate Whether Each of the Following Situations Would Shift the Supply

question 30

Short Answer

Indicate whether each of the following situations would shift the supply curve to the left, to the right, or not at all.
a.An increase in the number of firms in the market
b.An increase in the current price of the product
c.A decrease in productivity
d.An increase in the expected future price of a product
e.A decrease in the price of an input

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Definitions:

Paralympic Teams

Sports teams composed of athletes with disabilities who compete in the Paralympic Games, an international multi-sport event parallel to the Olympics.

Gyrocopter

A lightweight, personal aircraft with both an engine-driven propeller and unpowered rotor blades that spin to provide lift.

Prospective Customers

Potential clients or customers who are considered likely to purchase a business's products or services.

Flying Car

A type of vehicle that can function both as a standard road vehicle and an aircraft, offering a personal air travel option.