What factor would cause the supply curve to shift to the left? An increase in subsidies. A decrease in taxes. Advanced technology. An increase in household income. Question 7 1 Point Which of the following is an example of a price floor? Co-payments for doctor visits Firms that operate within a monopolistic competitive market structure Rent-controlled units Firms that operate within a perfectly competitive market structure Question 8 1 Point Which of the following is not a determinant of supply? Input costs Consumer income Advanced technology Subsidies Taxes Question 9 1 Point Which is a price floor? A tool used by the federal government to create shortages in the market A tool used by the federal government to move the market towards equilibrium A government mandated price in which the price is set above the equilibrium point A government mandated price in which the price is set below the equilibrium point Question 10 1 Point What does a change in quantity demanded imply? A shift in the demand curve to the left. Movement along with supply curve. A shift in the demand curve to the right. Movement along the demand curve. A shift in the supply curve to the right