ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increased government regulations will cause which of the following?
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the supply curve will shift to the right (increase)
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the supply curve will shift to the left (decrease)
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the quantity supplied will decrease
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the quantity supplied will increase
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Explanation:
Detailed explanation-1: -Increased government regulation can cause the aggregate supply curve to shift to the left.
Detailed explanation-2: -An increase in factor prices should decrease the quantity suppliers will offer at any price, shifting the supply curve to the left.
Detailed explanation-3: -Understanding Change in Supply An increase in the change in supply shifts the supply curve to the right, while a decrease in the change in supply shifts the supply curve left. Essentially, there is an increase or decrease in the quantity supplied that is paired with a higher or lower supply price.
Detailed explanation-4: -A decrease in supply shifts the supply curve leftward. 2. The price rises to restore market equilibrium.
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