Asked by Melissa Galvez on Sep 24, 2024
Verified
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&C
Supply Curve
The supply curve is a graphical representation showing the relationship between the quantity of a good that producers are willing to sell and the price of the good.
Cooling Technology
Innovations and methods developed to remove or reduce heat from various systems or environments, such as electronic devices or buildings.
Producers
Producers are individuals or entities that create or supply goods and services for consumption in the marketplace.
- Identify factors that shift supply and demand curves.
- Evaluate the effects of technological advancements on supply.
Verified Answer
LT
Laila Takinan5 days ago
Final Answer :
D
Explanation :
Factors that can shift the supply curve to the right include technological advancements (like new cooling technology) and an increase in the number of producers. Both of these factors would increase the overall supply of ice cream, moving the supply curve to the right.
Learning Objectives
- Identify factors that shift supply and demand curves.
- Evaluate the effects of technological advancements on supply.