All of the Following Will Cause the Supply Curve of Good

question 29

Multiple Choice

All of the following will cause the supply curve of good A to shift rightward EXCEPT

• A)a reduction in the prices of inputs used to produce good A.
• B)an increase in the market price of good A.
• C)a decrease in the sales tax on good A which producers must pay.
• D)an increase in the number of firms in the industry producing good A.

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Definitions:

States Consciousness

Varying levels of awareness, including wakefulness, sleep, dreaming, and other altered states of consciousness.

Selective Attention

Selective attention is the process by which a person focuses on one particular object or task while ignoring other stimuli or information.

Cocktail Party Effects

The ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as if at a noisy party.

Inattentional Blindnesses

A psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight when their attention is focused on another task or aspect of their environment.