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CIPS Exam L4M5 Topic 14 Question 56 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 56
Topic #: 14
[All L4M5 Questions]

Which of the following will shift the supply curve to the right?

Show Suggested Answer Hide Answer
Suggested Answer: B

The following graph shows the factors that shift the supply curve to the left and to the right.


- CIPS study guide page 103

- Principles of Microeconomics 2e, 2017, Open Stax - Rice University.

LO 2, AC 2.2

by Chanel at Apr 08, 2024, 09:43 PM

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Ariel
6 months ago
That's true, Dorethea. If there's a new technology that makes production more efficient, suppliers can produce more at a lower cost.
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Dorethea
6 months ago
But what about B) New disruptive technology? Wouldn't that also shift the supply curve to the right?
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Toshia
6 months ago
I agree with Ariel. When customers have more money to spend, suppliers are willing to supply more goods.
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Ariel
6 months ago
I think it's D) Increased customers' disposable income.
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Deonna
6 months ago
I see your point, User3. Disruptive technology can make production more efficient and increase supply.
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Bettyann
7 months ago
But what about B) New disruptive technology? Wouldn't that also increase supply?
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Demetra
7 months ago
Agreed, higher disposable income would lead to more businesses wanting to supply goods.
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Shaniqua
7 months ago
I think the answer is D) Increased customers' disposable income.
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Hui
6 months ago
I think B) New disruptive technology will actually shift the supply curve to the left, not to the right.
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Tricia
7 months ago
But what about B) New disruptive technology? Won't that also shift the supply curve to the right?
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Arminda
7 months ago
I agree, D) Increased customers' disposable income will shift the supply curve to the right.
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Mitsue
8 months ago
Hold up, what if the answer is all of the above? I mean, any of those factors could potentially shift the supply curve to the right, right?
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Audrie
8 months ago
I dunno, man. I'm kind of leaning towards B) New disruptive technology, but I'm not 100% sure. What do you guys think?
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Freeman
8 months ago
You guys are all wrong. It's clearly A) Changes in customer taste. If people start liking the product more, the suppliers will have to produce more to meet the increased demand, shifting the supply curve to the right.
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Dottie
8 months ago
Nah, I don't think that's it. I'm going with C) Decreased market price of substitute products. If the price of alternatives goes down, it'll make the original product more attractive, increasing demand and shifting the supply curve to the right.
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Julene
8 months ago
I think D) Increased customers' disposable income is the right answer. If customers have more money to spend, they'll demand more of the product, leading to a rightward shift in the supply curve.
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Vallie
8 months ago
Hmm, this is a tricky one. I'm leaning towards B) New disruptive technology. That would definitely shift the supply curve to the right, as it would increase the production capabilities and lower the costs for the suppliers.
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