Asked by
Andrea Brenner
on Nov 17, 2024
Verified
Refer to Figure 4-6. The shift from S to S' could be caused by
A) a decrease in the number of sellers.
B) an improvement in production technology.
C) an increase in income.
D) a decrease in the price of the good.
Number of Sellers
The total count of individuals or entities offering a specific good or service in the market.
Production Technology
The methods, equipment, and processes used to produce goods and services.
Income
The financial gain received, often measured on a regular basis, through work, investments, or business ventures.
- Acquire knowledge about the determinants that provoke adjustments in the supply curve, including improvements in technological fields and input price fluctuations.
- Investigate the influence of adjustments in production outlays, like technology upgrades and changes in input prices, on the distribution of merchandise.
Verified Answer
MS
Learning Objectives
- Acquire knowledge about the determinants that provoke adjustments in the supply curve, including improvements in technological fields and input price fluctuations.
- Investigate the influence of adjustments in production outlays, like technology upgrades and changes in input prices, on the distribution of merchandise.