Homework Answers
Ans)the correct option is d) an increase in subsidies on the good
Subsidies decrease cost of production so supply will increase because more output will be produced
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Question 16 1 pts Which of the following would shift a supply curve for a good...
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
Which of the following changes would not shift the supply curve for a good or service?
Which of the following changes would not shift the supply curve for a good or service? A a change in production technology B a change in the price of the good or service C a change in expectations about the future price of the good or service D a change in input prices
Question 27 2 pts Which of the following causes the SRAS curve to shift right? An...
Question 27 2 pts Which of the following causes the SRAS curve to shift right? An increase in the price of a major input like steel An increase in government spending An increase in the country's physical capital An increase in exports Question 28 2 pts According to what was stated in class, which of the following would shift the LRAS curve right? An increase in the population's education level A decrease in labor hours An increase in the actual...
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
Which of the following would cause a shift to the right of the supply curve for...
Which of the following would cause a shift to the right of the supply curve for coffee? I. A large increase in preference for coffee. II. A large decrease in the price of a cup of coffee. III. A good harvest of coffee bean. - Select one: I only II only II and III only III only
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.
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...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
46 a)Which of the following factors will cause the aggregate demand curve to shift to the...
46 a)Which of the following factors will cause the aggregate demand curve to shift to the right? A.reduction in the aggregate price level B.decrease in foreign income C.reduction in personal income taxes D.increase in interest rates b)Which of the following will NOT shift the aggregate supply curve to the right? A.a decrease in corporate taxes B.the discovery of cheap solar energy C.an increase in the minimum wage D.the development in the methods of production of nanotechnology PreviousNext
Which of the following will shift the supply curve to the right? a) A change in...
Which of the following will shift the supply curve to the right? a) A change in consumer tastes and preferences. b) Government regulation of production. c) A decrease in the price of inputs to production.
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
Question 27 2 pts Which of the following causes the SRAS curve to shift right? An increase in the price of a major input like steel An increase in government spending An increase in the country's physical capital An increase in exports Question 28 2 pts According to what was stated in class, which of the following would shift the LRAS curve right? An increase in the population's education level A decrease in labor hours An increase in the actual...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
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