The Supply Curve for a Good Will Shift to the Left

question 58

Multiple Choice

The supply curve for a good will shift to the left if:

• A)producers expect that the price of the good will soon be lower.
• B)price decreases for a substitute for the good in production.
• C)the input price for the good increases.
• D)the number of suppliers of the good increases.
• E)the price of the good decreases.

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Definitions:

Text Message

A short message sent electronically, typically from one mobile phone to another.

Low Self-esteem

A condition characterized by a lack of confidence and feeling unfavorably about oneself.

High Popularity

Being well-liked or admired by a large number of people.

Purchasing System

An organized method used by businesses to acquire goods and services, involving procedures for requisition, selection, and procurement.