Some Producers Are Chatting Over a Beer

question 68

Multiple Choice

Some producers are chatting over a beer. Which quotation refers to a rightward shift of the supply curve?

• A) "Wage increases have forced us to raise our prices."
• B) "Our new, sophisticated equipment will enable us to undercut our competitors."
• C) "Raw material prices have sky-rocketed; we will have to pass the cost on to our customers."
• D) "We anticipate a big increase in demand. Our product price should rise, so we are planning for an increase in output."
• E) "Some competing businesses are leaving the industry and prices are rising."

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Definitions:

Respond Promptly

The act of quickly and efficiently reacting or replying to requests, inquiries, or situations.

Infants' Cries

Vocalizations made by babies as a primary means of communication to signal a need or discomfort.

Shorter Durations

Referring to brief periods of time, often in the context of tasks, events, or attention spans.

Overprotective

Describing behavior that is excessively protective, potentially smothering or hindering development due to a lack of exposure to risk.