Multiple Choice
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 profitable
D) a decrease in the number of sellers in the market
Correct Answer:
Verified
Related Questions
Q59: Figure 4-12 Q60: A market supply curve is determined by Q61: Suppose there is an increase in the Q63: If suppliers expect the price of their![]()
A)vertically
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