A Rightward Shift of a Market Supply Curve Might Be

question 71

Multiple Choice

A rightward shift of a market supply curve might be caused by:

• A)the entry of new firms in the industry.
• B)an increase in the wages of labor employed in the industry.
• C)an increase in the price of the final product.
• D)a decrease in the income of consumers.
• E)an increase in the price of a substitute good.

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Definitions:

Self-Gratification

The act of giving oneself pleasure or satisfaction, often considered in the context of immediate or short-term desires.

Private Property

A legal designation for the ownership of property by non-governmental legal entities.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, promoting fairness among genders.

Marxist

Pertaining to the theories and practices derived from the work of Karl Marx, often focusing on class struggle and the critique of capitalism.