3. The Market Forces of Supply and Demand

In a standard supply-and-demand model, a decrease in supply means:

Which of the following would cause a leftward shift in the supply curve for car washes?

In a competitive market, how do changes in input costs affect the supply curve for a good, holding all else constant?

When economists say that the supply for a product has decreased, they mean that the:

Which of the following would most likely shift the aggregate supply curve?

Which of the following changes would shift a firm's supply curve for a good (i.e., change supply rather than quantity supplied)?

Which of the following does NOT cause a shift in the supply curve for a good?

Which of the following would cause a rightward shift of the supply curve for cell-phone services?

Which of the following would cause a shift in the supply curve?

Which statement best explains how weather can act as a shifter of the supply curve for an agricultural product like oranges?

A decrease in supply is depicted by a:

Which of the following will NOT shift the supply curve for a good?