3. The Market Forces of Supply and Demand

A leftward shift of a product's supply curve might be caused by which of the following?

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

Which of the following will cause a shift in the supply curve for a good?

A shift in the supply curve at every price is the result of a change in:

If the cost of production of hula hoops increases, the supply curve will:

Which factor is most likely to shift the supply curve for milk to the left?

Which of the following events would shift a supply curve to the left?

Which of the following will cause a shift in the supply curve, rather than a movement along the supply curve?

In a competitive market, how does an increase in the cost of a key input (e.g., wages or raw materials) affect the supply curve for a good, holding all else constant?

Which of the following will shift a market supply curve to the right (increase supply) for a good?

Which of the following is a non-price determinant of supply that would shift the supply curve for a good?

Refer to Figure 26-1. Which of the following events would shift the supply curve from S1 to S2?

An increase in the price of inputs would be represented by a change from:

Refer to the accompanying graph. Which of the following events would cause the supply curve to shift to the right?

When the supply curve shifts to the right or left, which of the following occurs?