Which of the Following Would Shift the Supply Curve for MP3

question 79

Multiple Choice

Which of the following would shift the supply curve for MP3 players to the right?

• A)An increase in the price of a substitute in production
• B)An increase in consumer income (assuming that all MP3 players are normal goods)
• C)A decrease in the number of firms that produce MP3 players
• D)A decrease in the price of an input used to produce MP3 players

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Definitions:

Implementation Intention

A strategy for goal setting that involves forming a specific plan about when, where, and how to act in order to achieve an objective.

Emotional Processes

The mechanisms through which emotions are experienced, expressed, regulated, and understood.

Affective Forecasting

Predicting one’s emotional reactions to potential future events. These predictions are often inaccurate.

Self-discrepancy Theory

A theory in social psychology that describes how differences between individuals' actual, ideal, and ought selves can impact their emotional states.