Which of the Following Would Shift the Supply Curve of a Good

question 116

Multiple Choice

Which of the following would shift the supply curve of a good to the left?

• A)An increase in the price of that good
• B)A decrease in the price of an alternative good
• C)An improvement in technology used in producing the good
• D)An increase in the cost of an important resource used to produce the good
• E)An increase in the number of producers of the good

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Definitions:

Cystic Duct

A tube that transports bile from the gallbladder into the common bile duct and then into the small intestine.

Common Bile Duct

A duct that carries bile from the liver and gallbladder to the duodenum, important for digestion and absorption of fats.

Emulsifies Fats

The process of breaking down fats into smaller droplets, often by bile in the digestive system, to aid in fat digestion and absorption.

Endocrine Tissue

Tissues that release hormones directly into the bloodstream to regulate various bodily functions and processes.