Which of the Following Causes a Leftward Shift of the Supply

question 140

Multiple Choice

Which of the following causes a leftward shift of the supply curve?

• A)An increase in the number of producers
• B)An increase in the cost of production
• C)A government subsidy on production
• D)An increase in the price of the good being sold
• E)An improvement in production technology

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Definitions:

Positive Reinforcement

A method in behavioral psychology where the introduction of a rewarding stimulus following a desired behavior increases the likelihood of the behavior occurring again.

Participative Management

A management style where employees at all levels are encouraged to contribute ideas towards the organization's goals.

Employee Engagement

The level of an employee's emotional investment, enthusiasm, and commitment to their work and workplace.

360-Degree Feedback

A performance appraisal method involving feedback from all directions: supervisors, peers, subordinates, and sometimes clients.