Which of the following shifts the supply curve for good X leftward?
A)a situation in which the quantity demanded of X exceeds the quantity supplied of X
B)an increase in the cost of the machinery used to produce X
C)a technological advance in the production of X
D)a decrease in the wages of workers employed to produce X
E)a situation in which the quantity supplied of X exceeds the quantity demanded of X

Question

Quizplus · Accepted Answer

An increase in the cost of the machinery used to produce X would increase the cost of producing X, leading to a decrease in the quantity supplied at each price level. This will shift the supply curve of X leftward.

Which of the Following Shifts the Supply Curve for Good