Which one of the following would shift the supply curve for good X to the right?
A) The demand for goods in joint supply (e.g. by- products) goes down.
B) The costs of producing good X fall.
C) Good X now sells for a higher price.
D) The demand for good X rises.
E) The demand for alternative goods (i.e. which could be produced as an alternative to good X) goes up.
Correct Answer:
Verified
Q20: An increase in supply, not caused by
Q21: The cost of pressing DVDs has fallen.
Q22: A good harvest will cause
A) a rightward
Q23: If the cost of raw materials increases,
Q24: What will be the effect of the
Q26: Which of the following is the most
Q27: Reasons for supply curves being positively sloped
Q28: Which of the following is not a
Q29: Which of the following will cause a
Q30: If the market price is below equilibrium,
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