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9. Which of the following would be an example of a determinant that would shift supply negatively (decrease supply)? a. Decrease in government taxes and

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9. Which of the following would be an example of a determinant that would shift supply negatively (decrease supply)? a. Decrease in government taxes and regulation b. A negative change in consumer preference c. New technology makes production cheaper and more efficient. d. Input costs go up (become more expensive) 10. What will the effect of a decrease in the supply be on equilibrium? D a. Higher Price, Higher Quantity b. Higher Price, Decreased Quantity C. Lower Price, Decreased Quantity d. Lower Price, Higher Quantity

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