Subject - Economics:

Microeconomics

MCQ - 18-4028

Question:

Which of the following causes the supply curve of paper to shift to the left?

Paper producers expect lower paper prices in the months ahead.
The price of pencils, a complement to paper, increases.
Improvements in the technology used to produce paper.
The price of pencils, a complement to paper, increases.
Environmental concerns reduce the yearly amount of timber that can be harvested.

Correct Answer: E

Explanation:

Restricting the supply of a raw material to paper would increase the price of the production input and decrease the supply of paper

Previous Question

Next Question

Back to Section

Record Performance

269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: Which of the following causes the supply curve of paper to shift to the left? , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 18-4028.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

Share This Page

Full Films

TV Serials

Short Films

Upcoming Films