A leftward shift of a product supply curve might be caused by:
A) an improvement in the relevant technique of production.
B) a decline in the prices of needed inputs.
C) an increase in consumer incomes.
D) some firms leaving the industry.
Correct Answer:
Verified
Q63: The supply curve shows the relationship between
A)
Q73: An improvement in production technology will
A) increase
Q119: The law of supply indicates that:
A)producers will
Q120: Assume that the demand schedule for product
Q121: If the supply schedule for a product
Q124: Which one of the following would cause
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