CIPS Exam L4M5 Topic 5 Question 61 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 61
Topic #: 5

[All L4M5 Questions]

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

AChanges in customer taste

BNew disruptive technology

CDecreased market price of substitute products

DIncreased customers' disposable income

Show Suggested 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 Gearldine at May 29, 2024, 07:36 PM

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Clorinda

5 months ago

I'm hungry just thinking about this. Can we order a pizza and discuss the supply curve later? Oh wait, B) is the answer, my bad.

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Leontine

5 months ago

A) Changes in customer taste? Nah, that's more about demand. This is asking about supply, so I'm going with B).

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Wei

5 months ago

Hmm, I think D) Increased customers' disposable income would also work. More money means they can buy more, right?

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Allene

4 months ago

I agree, new technology can increase production efficiency.

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Caitlin

5 months ago

I think B) New disruptive technology would shift the supply curve to the right.

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6 months ago

I think the answer is D) Increased customers' disposable income.

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