Which of the following will shift the supply curve of good X rightward?
A) the price of Y, a substitute in production for good X, rises
B) a decrease in the number of suppliers of good X
C) an increase in the price of energy
D) a decrease in the wages of workers employed to produce good X
E) an increase in the cost of capital used to produce good X
Correct Answer:
Verified
Q51: If Hamburger Helper is an inferior good,
Q52: An increase in supply is shown by
A)a
Q53: Which one of the following would not
Q54: The substitution effect influences food purchases because
Q55: The law of demand applies to food
Q57: Networks increase the price they charge cable
Q58: Oatmeal is a normal good and cold
Q59: Consider the market for smartphones.Suppose the price
Q60: Which one of the following will shift
Q61: A shift of the supply curve for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents