A leftward shift of a market supply curve might be caused by an improvement in the relevant technique of production. a decline in the price of product. some firms leaving the market. an increase in consumer incomes.
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A decline in the price of the product would affect the quantity supplied, not the supply curve itself, so that's also not the correct answer. An increase in consumer incomes would affect the demand curve, not the supply curve, so that's not the correct answer Show more…
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An increase in consumer income, other things being equal, will a. shift the supply curve for a normal good to the right. b. cause an upward movement along the demand curve for an inferior good. c. shift the demand curve for an inferior good to the left. d. cause a downward movement along the supply curve for a normal good.
Rashmi S.
Prashant B.
If 'something happens to alter the quantity supplied at any given price; then we move along the supply curve. the supply curve shifts. the supply curve becomes steeper: the supply curve becomes flatter:
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