Which of the following would cause a shift in the supply curve to the left?
(a) An increase in consumer income.
(b) New technology resulting in the cost of production falling.
(c) An increase in the number of suppliers in the industry.
(d) None of the above.
Answer: (d) None of the above
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If bond prices decrease, then the
A. transactions demand for money will decrease. B. interest rate increases. C. interest rate decreases. D. transactions demand for money will increase.
Subsidiarity requires nations to give up some of their national sovereignty
Indicate whether the statement is true or false
Suppose the yield on government bonds rises. This should cause __________ in the discount factor in the stock price valuation formula and __________ in stock prices
A) a fall; a rise B) a rise; a fall C) a fall; a fall D) no change; no change
In the absence of national monetary policy and national exchange rates in the European Monetary Union,
A. the Union will have to expel members who do not agree to austerity measures. B. the Union has challenges responding to the range of domestic imbalances in different member countries. C. the Union cannot survive. D. the Union will have to be bailed out by the European Central Bank.