Which of the Following Would Shift the Supply Curve for MP3

question 76

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:

Planned Change Program

A structured approach to transforming an organization's processes, systems, and culture with the aim of achieving specific business objectives.

Organizational Capacity

The ability of an organization to utilize its resources effectively to achieve its goals, encompassing elements like skills, technology, and processes.

Individual Readiness

The state of being prepared and willing to undertake specific tasks or to adapt to changes, often influenced by personal attributes and circumstances.

Employee Satisfaction

A measure of how content and happy employees are with their job and working environment, impacting productivity and retention.