The expected impact of an increased expansion by businesses is an ____ shift in the demand schedule and ____ in the supply schedule.
A)inward; an inward shift
B)inward; an outward shift
C)outward; an inward shift
D)outward; no obvious change

Question

The expected impact of an increased expansion by businesses is an ____ shift in the demand schedule and ____ in the supply schedule. ​
A)inward; an inward shift
B)inward; an outward shift
C)outward; an inward shift
D)outward; no obvious change

Quizplus · Accepted Answer

An increase in business expansion typically leads to an increase in production capacity and potentially more jobs and higher incomes, which can increase demand for goods and services, causing an outward shift in the demand schedule. However, the impact on the supply schedule is not directly implied by expansion alone, as it could depend on various factors such as the type of expansion and market conditions, hence "no obvious change" in the supply schedule.

The Expected Impact of an Increased Expansion by Businesses Is