24
QuizMultiple Choice

Microeconomics — Test

Question 24 • Economics and Personal Finance

Which events could cause the change in supply shown on this graph? Choose three correct answers.

Answer
A
A company begins to produce more goods.
B
A new company joins the marketplace.
C
A resource needed to produce more of the good has became scarce.
D
A producer goes out of business.
E
A natural disaster causes production to drop.
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Which events could cause the change in supply…