Which of the following would shift the supply curve to the left?
A) A fall in the expected future price of the good
B) A rise in the expected future price of the good
C) A rise in technology that lowers the cost of producing the good
D) A positive supply shock that brings more output onto the market
B
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Lemon laws are an attempt to reduce __________ in used car markets
a. symmetrical information b. adverse selection c. natural selection d. moral hazard e. the winner's curse
To the extent that unions can transfer profits from unionized employers to union workers, they will
a. reduce the incentive of unionized employers to invest in fixed capital and research. b. increase employment in the unionized sector. c. reduce the incentive of nonunion firms to invest and expand their output. d. increase the productivity of labor in the long run.