A Change in Supply Will Not Be Caused by A(n)

question 81

Multiple Choice

A change in supply will not be caused by a(n)

• A)change in the price producers believe will prevail in the future.
• B)change in the price of inputs.
• C)change in the number of producers.
• D)increase in the number of consumers.
• E)improvement in technology.

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Definitions:

Weber's Law

A principle that states the smallest change in a stimulus, such as weight or brightness, that can be detected is a constant proportion of the original stimulus's intensity.

Differential Threshold

The smallest detectable difference between two stimuli or the minimum change in intensity that a person can detect.

Marketers

Professionals or organizations responsible for promoting, selling, and distributing products or services to customers.

Absolute Threshold

The minimum stimulus intensity that an organism can detect half the time.