Which of the following would shift the supply curve for digital cameras to the left?
A) An increase in the price of mobile phones (a substitute in production) .
B) An increase in consumer income (assuming that all digital cameras are normal goods) .
C) A decrease in the price of an input used to produce digital cameras.
D) A decrease in the number of firms that produce digital cameras.
Correct Answer:
Verified
Q86: Figure 3-2 Q93: A decrease in supply is represented by Q94: Last week, the local pay TV company Q95: Some graziers can raise either cattle or Q97: Which of the following would shift the Q99: Which of the following would cause an Q100: Since more cars come equipped with navigation Q126: An increase in the price of inputs Q128: Explain the differences between a change in Q139: Figure 3-4
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