Which of the Following Does Not Affect Producer Surplus in the Short

question 153

Multiple Choice

Which of the following does not affect producer surplus in the short run?

• A)Supply shifts to the left.
• B)A price ceiling below equilibrium is imposed by government.
• C)Wages paid to labor increase.
• D)Demand shifts to the right.
• E)Fixed costs for the typical firm increase.

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Definitions:

Personal Courage

The ability of an individual to face fear, danger, or adversity with strength and resolve.

Caring Leaders

Leaders characterized by a genuine concern for the welfare, growth, and well-being of their followers and stakeholders.

Instrumental Values

Values that relate to the means of achieving desired ends; they are considered supportive in reaching goals.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often involving accountability and ethical obligations.