The correct option is C. An increase in the price of car washing equipment. When the supply curve for a given good or service shifts to the left, it…

What would cause a leftward shift in the supply curve?

You will see that an increase in cost causes an upward (or a leftward) shift of the supply curve so that at any price, the quantities supplied will be smaller, as (Figure) illustrates. When the cost of production increases, the supply curve shifts upwardly to a new price level.

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

Which would cause a leftward shift in the supply curve for car washes? The presence of ticket scalpers in popular events like concerts will hurt consumers who buy from the scalpers. If the supply of a product decreases and demand increases, the equilibrium price and quantity will both definitely increase.

Which of the following would cause the demand curve for coffee to shift to the left?

A lower price for tea, however, would be likely to reduce coffee demand, shifting the demand curve for coffee to the left. In general, if a reduction in the price of one good increases the demand for another, the two goods are called complements.

When the marginal benefit of an output exceeds the marginal cost?

If marginal benefit exceeds marginal cost, resources use will be more efficiently if the quantity is increased. If marginal cost exceeds marginal benefit, resource use will be more efficiently if the quantity is increased. Figure 6.1 shows the efficient quantity. 1.

Which would cause a leftward shift in the supply curve for telephone service?

In model A, higher labor compensation causes a leftward shift in the supply curve, a decrease in the equilibrium quantity, and an increase in the equilibrium price.

Which of the following causes a leftward shift in the short run aggregate supply curve?

In a self-regulating economy, inflationary gaps are automatically eliminated in the long run by: increases in wage rates that cause short-run aggregate supply to shift leftward.

Which of the following causes a rightward shift of the supply curve?

New technology. When a firm discovers a new technology that allows it to produce at a lower cost, the supply curve will shift to the right as well. A technological improvement that reduces costs of production will shift supply to the right, causing a greater quantity to be produced at any given price.

ncG1vNJzZmivp6x7or%2FKZp2oql2esaatjZympmennbaktIyonWasmJp6p7vLpaawoZ6ceri71KWbZpuRqsCmecBmo56epKyus7CMrJ%2BinqRitq9506GcZqulpb2txYycrKuulWKzsL6MnJirZaeWwKmx0maaoZ2ToHqqwIyorK1lmJq%2FpnnWoZitZaekwq2wjJyYrquVYq5uuMSfq7CZopl6tLTIn6tmoZ5iwamxjKysqaicrnqkwdGvnGg%3D