The supply curve will shift to the left when
A) the supply of the product increases.
B) the demand for the product decreases.
C) some producers leave the industry.
D) the product becomes fashionable.
Answer: C
Economics
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The multiplier is
A) the percentage of a given change in income that goes towards consumption. B) the number which is multiplied by an autonomous change which gives the change in the equilibrium level of real GDP. C) the part of consumption that is independent of the level of disposable income. D) the proportion of total disposable income that is consumed.
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In a ________ tax system, the marginal tax rate declines with income
A) progressive B) regressive C) proportional D) marginal
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