All of the following will cause the supply curve of good A to shift rightward EXCEPT
A) a reduction in the prices of inputs used to produce good A.
B) an increase in the number of firms in the industry producing good A.
C) a decrease in the per-unit tax on good A which producers must pay.
D) an increase in the market price of good A.
D
You might also like to view...
Refer to Figure 15-3. In the figure above, when the money supply shifts from MS1 to MS2, at the interest rate of 3 percent households and firms will
A) sell Treasury bills. B) want to hold more money. C) neither buy nor sell Treasury bills. D) buy Treasury bills.
Which of the following observations concerning GDP calculations is true?
a. Goods and services produced by governments are valued at market price. b. Inventories are treated as if they are yet to be sold. c. Goods produced but not sold during the year are counted in that year's GDP. d. Goods that firms add to their inventories do not count in the GDP.