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Quiz: 2. Supply Demand Question 5 1 p A leftward shift of a product supply curve might be caused by: an improvement in the relevant technique of production. a decline in the prices of needed inputs. an increase in consumer incomes. some firms leaving an industry. Question 6 1 pts A market is in equilibrium: provided there is no surplus of the product, at all prices above that shown by the intersection of the supply and demand curves. if the amount producers want to sell is equal to the amount consumers want to buy