A Change in Which of the Following Would NOT Shift

question 327

Multiple Choice

A change in which of the following would NOT shift the supply curve for sneakers?

• A) an increase in technology for making sneakers
• B) an increase in the price of rubber, used to make sneakers
• C) an increase in the price of sneakers
• D) None of the above, that is, each change shifts the supply curve

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Definitions:

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the rate of increase in the gross domestic product (GDP).

Regulatory Approach

Strategies and actions taken by government or organizations to control or direct activities, often through rules and regulations.

Market Signals

Information or indicators derived from market behavior that help to inform decisions or predictions about future economic activities.

Special Interest Influence

The impact that interest groups or lobbyists can have on policymaking, often aiming to benefit a specific sector or group.