Resource X Is Necessary to the Production of Good Y

question 93

Multiple Choice

Resource X is necessary to the production of good Y.If the price of resource X falls,

• A) the supply curve of Y shifts leftward.
• B) the supply curve of Y shifts rightward.
• C) the supply curve of Y is unaffected.
• D) there is a movement down the supply curve of Y.
• E) there is a movement up the supply curve of Y.

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Definitions:

Responsibility

A duty or obligation to perform or refrain from performing certain actions, often associated with a specific role or position.

Carrying Inventory

The total value of inventory a company holds at a given time, including goods ready for sale and raw materials.

Outside Suppliers

External entities that provide goods or services to another company, playing a key role in supply chains and procurement processes.