Use the Following to Answer Questions

question 215

Multiple Choice

Use the following to answer questions:
Figure: Supply Shifts
-(Figure: Supply Shifts) In the figure, the initial supply curve is S₁. Producers engage in market speculation with the belief that the price of the good will increase in the near future. This would be represented in the figure by shifting the:

• A) supply curve to S₂, resulting in a lower quantity supplied at each price.
• B) supply curve to S₂, resulting in a higher quantity supplied at each price.
• C) supply curve to S₃, resulting in a lower quantity supplied at each price.
• D) supply curve to S₃, resulting in a higher quantity supplied at each price.

---

Definitions:

Stereotypes

Oversimplified ideas or generalized beliefs about a particular group of people, based on their perceived traits.

Ethnic Groups

Communities or populations made up of people who share a common cultural background, heritage, language, or lineage.

Aversive Racism

A form of racism that occurs in individuals who hold egalitarian values and believe they are not prejudiced but still possess negative beliefs or feelings about racial groups subconsciously.

Bona Fide Pipeline

A legitimate and authentic sequence or series of processes through which something is delivered or made available.