Asked by
Ssbrina Feaster
on Dec 16, 2024
Verified
The supply of index cards is likely to shift to the right if:
A) the price of wood pulp used in the production of index cards increases.
B) the technology used in index card production becomes more expensive.
C) the price of index cards increases.
D) the price of its substitute good decreases.
E) the expected future price of index cards is higher than the current price.
Substitute Good
A product or service that consumers can use in place of another product or service, often when prices rise or the original becomes unavailable.
Wood Pulp
A material prepared from wood by a chemical or mechanical process used in the production of paper and cellulose products.
- Understand the factors that lead to shifts in supply curves.
Verified Answer
MN
Learning Objectives
- Understand the factors that lead to shifts in supply curves.