Which of the following will cause a shift to the left of the supply curve?
A. Increases in the market price of the good being supplied, other things being equal.
B. Increases in taxes per unit of output.
C. Advances in technology.
D. Decreases in input prices.
Answer: B
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Midwestern corporation issues bonds. Southern corporation issues stock. Which corporation used equity financing?
a. both Midwestern corporation and Southern corporation b. Midwestern corporation but not Southern corporation c. Southern corporation but not Midwestern corporation d. neither Midwestern nor Southern corporation
A drought has destroyed orange crops in California. The drought has caused
A) scarcity because there are less oranges now than people want. B) scarcity because people have to switch to oranges grown in Florida. C) a shortage because people cannot obtain as many oranges as they wish to buy at the pre-freeze price. D) a shortage because orange growers will have less income.