Which of the Following Would Shift the Supply Curve for Energy

question 149

Multiple Choice

Which of the following would shift the supply curve for energy drinks to the left?

• A)a decrease in the expected future price of energy drinks
• B)an increase in consumer income (assuming that energy drinks are normal goods)
• C)a decrease in the number of firms that produce energy drinks
• D)a decrease in the price of an input used to produce energy drinks

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Definitions:

Cultural Traits

Characteristics that define a particular culture, including language, religion, cuisine, social habits, music, and arts.

Tight Culture

Societal or organizational cultures characterized by strong social norms and a low tolerance for deviant behavior.

Conservative Cultural

Pertaining to cultures that prioritize traditional values and are resistant to change or new ideas.

Behavior Norms

Social rules that govern the actions within a group, specifying appropriate and acceptable behaviors for its members.