Question

Which of the following factors would shift the supply curve for ice cream to the right?...

Which of the following factors would shift the supply curve for ice cream to the right?

A) A new cooling technology emerges.  

B) The price per unit increases.

C The number of producers in the market for ice cream increase.

D) Both A and C

Homework Answers

Answer #1

ANSWER: D) Both A and C . An increase in techonology will shift supply curve to the right. Conversely , a decrease in technology will shift supply to the left. An increase in the number of sellers in a market will shift market supply to the right.The number of sellers in a market has a significant impact on supply. When more firms enter a market to sell a specific good or services, supply increase. That is the supply curve shift to right. The use of advanced technology in the production process increases productivity, which makes the production of goods or services more profitable. As a result, the supply curve shift right , i.e supply increaes. But when price of input increases , the firm face higher production costs. As a result , producing goods or services becomes less profitable and firm reduce supply. That is , supply curve shift to the left.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following would result in a leftward shift in the supply curve for good...
Which of the following would result in a leftward shift in the supply curve for good X can be         attributed to        a. an increase in the price of an input used in the production of the good X.        b. an increase the price of a substitute good in production.        c. an increase in the price of good X.        d. an increase in the price of a complementary good in production.        e. more than one of these choices Which of the...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift...
Describe whether the following changes cause the aggregate demand curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) Investment decreases. (c) Imports decrease and exports increase. (d) The price level decreases. (e) Consumption increases. (f) Government purchases decrease. Describe whether the following changes cause the long-run aggregate supply curve to increase (shift right), decrease (shift left), or neither. (a) The price level increases. (b) The stock of capital in the economy increases. (c)...
Consider a simultaneous shift of both the demand curve and the supply curve. Before the shift,...
Consider a simultaneous shift of both the demand curve and the supply curve. Before the shift, the market equilibrium is at a point where the price is 6 and the quantity is 25. Also, before the shift, with each additional unit increase in price, the quantity supplied increases by 5 and the quantity demanded decreases by 5. Now, due to a change in some government policy, the demand increases by 10 at all price levels. At the same time, the...
A demand curve can shift for many reasons. Select the reason below that does NOT shift...
A demand curve can shift for many reasons. Select the reason below that does NOT shift a demand curve. a.) Price of substitutes increases b.)Changes in preferences c.)Price of complements increases d.)Changes in price of the good 2.As prices increase, producers are willing to __________. a.)produce less of a good or service b.)demand more of a good or service c.)supply a larger quantity of a good or service d.demand less of a good or service 3) Suppose you are willing...
Other factors being unchanged, the supply curve for eggs will shift downward and to the right...
Other factors being unchanged, the supply curve for eggs will shift downward and to the right if: A) a virus spreads through poultry farms through the country and kills millions of chickens. B) new research establishes that cholesterol, found in egg yolks, is found to cause heart disease. C) the price of chicken feed falls. D) the government introduces a new tax on poultry suppliers. E) the average income level in the country falls due to a recession.
Which of the following changes will shift the demand curve for physician visits to the RIGHT...
Which of the following changes will shift the demand curve for physician visits to the RIGHT on the usual price-quantity plain for the physician service market? (a) Increase in the amount that physicians charge per visit. (b) Greater incidence of Type 2 diabetes. (c) Decrease in the price of chiropractic service. (Hint: Complement or substitute?) (d) Wage increase for nurses. (e) All of the above
Suppose the market for ice cream is characterized by the following: QD=80-4P QS=-10+P A) Do QD...
Suppose the market for ice cream is characterized by the following: QD=80-4P QS=-10+P A) Do QD and QS obey the laws of demand and supply respectively? How do you know? (5 marks) B) Solve for the equilibrium price and quantity for ice cream. C) Rather unexpectedly, a portion of the world’s dairy cows have started to produce sour milk, which causes the price of milk to increase. Explain how this would affect (ie. shift or cause movement along) the supply...
1. Which of the following would shift the short-run aggregate supply curve to the right? A...
1. Which of the following would shift the short-run aggregate supply curve to the right? A change in the law requiring overtime pay for anyone working more than 30 hours a week A reduction in the minimum wage An increase in oil prices An increase in payroll taxes 2. The fact that investors can always hold cash creates: an upward bound on nominal interest rates. negative nominal interest rates. a problem for monetary policymakers when the short-term interest rates approach...
Favorable weather    a.    would cause the AS curve to shift leftward, thereby increasing both...
Favorable weather    a.    would cause the AS curve to shift leftward, thereby increasing both output and the price level    b.    would increase firms’ unit costs    c.    is an example of a negative supply shock    d.    is an example of a positive demand shock    e.    would lead to an increase in output and a decrease in the price level A negative supply shock    a.    decreases real GDP and increases...
7a)Which of the following will occur if there is an increase in the wages of workers...
7a)Which of the following will occur if there is an increase in the wages of workers in the pork industry? An increase in the supply of pork An increase in the demand for pork A decrease in the demand for pork A decrease in the supply of pork b)For two goods, chicken and tomatoes, producers have a comparative advantage in one good or the other. As the output of chicken expands, producers with a _______ comparative advantage in tomatoes will...