Which of the following would shift the supply curve for energy drinks to the left?
A) a decrease in the number of firms that produce energy drinks
B) an increase in consumer income (assuming that energy drinks are normal goods)
C) a decrease in the expected future price of energy drinks
D) a decrease in the price of an input used to produce energy drinks
A
You might also like to view...
Which of the following will result in an increased price of milk?
A) A shift to the right of the supply curve for milk. B) A shift to the right of the demand curve for milk. C) An increase in the number of milk suppliers. D) A decrease in the number of milk buyers.
If changes in inflation are higher than expected,
A) the long-run Phillips curve will be negatively sloped. B) the short-run Phillips curve will be positively sloped, but not vertical. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will be negatively sloped.