Which of the following events would shift the supply of smartphones to the right?

A. an increase in the expected future price of smartphones

B. a decrease in the price of inputs used to produce smartphones

C. a decrease in the price of smartphones

D. All of the above

Question

Kareem Browning

Business

14 March, 07:44

Which of the following events would shift the supply of smartphones to the right?

A. an increase in the expected future price of smartphones

B. a decrease in the price of inputs used to produce smartphones

C. a decrease in the price of smartphones

D. All of the above

+3

Answers (1)

Know the Answer?

Elena Mayer · Answer 1

The correct answer is option B.

Explanation:

A decrease in the price of inputs that are used in making smartphones will reduce the cost of producing smartphones. This means that at the same cost now the firms will be able to produce more smartphones. This will lead to an increase in the supply shifting the supply curve to the left.

This will further cause the price of smartphones to decline.

Which of the following events would shift the supply of smartphones to the right?A. an increase in the expected future price of smartphonesB. a decrease in the price of inputs used to produce smartphonesC. a decrease in the price of smartphonesD. All of the above

Which of the following events would shift the supply of smartphones to the right?

A. an increase in the expected future price of smartphones

B. a decrease in the price of inputs used to produce smartphones

C. a decrease in the price of smartphones

D. All of the above