Which of the following will shift the supply curve for good X leftward?
Which of the following will shift the supply curve for good X leftward?
A situation in which quantity demanded exceeds quantity supplied.
An increase in the cost of machinery used to produce X.
A technological improvement in the production of X.
A decrease in the wages of workers employed to produce X.
Homework Answers
Correct option is (2).
Increase in cost of machinery will increase production cost, which will cause firms to decrease production. Market supply will fall, shifting supply curve to left.
Add Answer to:
Which of the following will shift the supply curve for good X leftward?
15. A technological improvement in producing good A would cause 3. a movement upward and to...
15. A technological improvement in producing good A would cause 3. a movement upward and to the nght along the supply curve for A b. a shift to the right of the supply curve for A. c. a shift to the left of the supply curve for A. d. a movement downward and to the left along the supply curve for A 16.- Which of the following is true if the price of coffee increases? a. The demand for tea,...
Which of the following would shift the supply curve for a good to the left? an...
Which of the following would shift the supply curve for a good to the left? an increase in the price of that good a decrease in the price of an alternative good an improvement in technology for producing that good an increase in the cost of an important resource used to make that good an increase in the number of producers
1. Which of the following represents the law of supply? An increase in the price of...
1. Which of the following represents the law of supply? An increase in the price of a good causes a rightward shift of the supply curve for that good. An increase in the price of a good causes an increase in the supply of that good. An increase in the price of a good causes an increase in the quantity supplied of that good. all of the above 2. The quantity supplied of a particular good is the amount of...
7.- A leftward shift of a supply curve is called a(n): a. decrease in supply. b....
7.- A leftward shift of a supply curve is called a(n): a. decrease in supply. b. increase in quantity supplied. c. decrease in quantity supplied. d. increase in supply. 8.- The market demand is the: a. sum of all individual demand curves and supplies in a market. b. horizontal sum of all individual demand curves in a market. c. horizontal sum of all individual prices in a market. d. vertical sum of all individual demand curves.
Which of the following might cause the supply curve for an inferior good to shift to the right?
Which of the following might cause the supply curve for an inferior good to shift to the right? a. an increase in input prices b. a decrease in consumer income c, an improvement in production technology that makes production of the good more prod. a decrease in the number of sellers in the market
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward....
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
1. A change in tastes will do which of the following? a. Shift the demand curve...
1. A change in tastes will do which of the following? a. Shift the demand curve to the right b. Result in healthier choices c. Lead to more uniform goods being produced d. Shift the demand curve 2. What are complementary goods? a. Complements are goods for which an increase in the price of one of the goods results in a decrease in the demand for the other. b. Complements are goods for which an increase in the price of...
10. An increase in supply is the same as: A. a movement up along a supply...
10. An increase in supply is the same as: A. a movement up along a supply curve B. a change in the good's price C. a shift rightward in the supply curve. D. a shift leftward in the supply curve. E. Both A and D. 11. Which of the following statements is (are) correct? (x) The unique point at which the supply and demand curves intersect is called equilibrium and the equilibrium price is the only price where quantity supplied...
5. Improvements in technology that reduce production costs cause the _____ curve to shift to the _____, indicating a(n)...
5. Improvements in technology that reduce production costs cause the _____ curve to shift to the _____, indicating a(n) _____ in the amount _____ at each price point.A.demand; right; increase; demandedB.supply; left; decrease; suppliedC.demand; left; decrease; demandedD.supply; right; increase; supplied6. Assume a farmer’s land is equally productive in growing corn or potatoes and is currently producing both. If the price of corn increases but the price of potatoes does not change, the farm’s supply curve for potatoes will:A.shift to the...
3. Which of the following would decrease the quantity supplied of smartphones, ceteris paribus? An increase...
3. Which of the following would decrease the quantity supplied of smartphones, ceteris paribus? An increase in the price of HDTVs, assuming that smartphones and HDTVs are substitutes in production. A decrease in the number of smartphone producers. A decrease in consumer income, assuming that smartphones are normal goods. An increase in the wages of smartphone production workers. All of the changes listed for this question will decrease the quantity supplied of smartphones. 4. According to the law of supply,...
15. A technological improvement in producing good A would cause 3. a movement upward and to the nght along the supply curve for A b. a shift to the right of the supply curve for A. c. a shift to the left of the supply curve for A. d. a movement downward and to the left along the supply curve for A 16.- Which of the following is true if the price of coffee increases? a. The demand for tea,...
Which of the following would shift the supply curve for a good to the left? an increase in the price of that good a decrease in the price of an alternative good an improvement in technology for producing that good an increase in the cost of an important resource used to make that good an increase in the number of producers
7.- A leftward shift of a supply curve is called a(n): a. decrease in supply. b. increase in quantity supplied. c. decrease in quantity supplied. d. increase in supply. 8.- The market demand is the: a. sum of all individual demand curves and supplies in a market. b. horizontal sum of all individual demand curves in a market. c. horizontal sum of all individual prices in a market. d. vertical sum of all individual demand curves.
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
Most questions answered within 3 hours.
-
Here is a pair of aromatic compounds that each have a complicated
set of aromatic peaks....
asked 2 minutes ago -
As with many public goods, determining the appropriate level of
government support for the production of...
asked 5 minutes ago -
Write a balanced chemical equation for the oxidation reaction
between Caro’s acid (H2SO5) and CN– ion...
asked 8 minutes ago -
Calculate the number of valence electrons for
[Mo(C6H6)(CO)3]
asked 19 minutes ago -
Which of the following are true about the strength of the
association between two variables?
1-...
asked 15 minutes ago -
You are a monopolist and know that your consumers have a linear
demand curve. At what...
asked 14 minutes ago -
Raising a heavy load requires work. Raising it in half the time
requires:
asked 20 minutes ago -
MGT-201: Marketing Management
Before deciding on the structure of the channel marketers must
take several factors...
asked 20 minutes ago -
1. ACLs allow a router to control traffic within a network. The
concept is very similar...
asked 22 minutes ago -
35. When the electron in a hydrogen atom falls from its first
excited energy level to...
asked 23 minutes ago -
A man is dragging a box of mass "m" by using a rope which rests
on...
asked 40 minutes ago -
Liquid octane
(CH3(CH2)6CH3) will
react with gaseous oxygen (O2) to produce gaseous carbon
dioxide (CO2) and...
asked 41 minutes ago