Which of the Following Events Would Cause a Change in the Quantity

question 52

Multiple Choice

Which of the following events would cause a change in the quantity supplied of some agricultural commodity but would not cause a change in the supply of that same commodity?

• A)a change in factor costs
• B)a technological change
• C)a change in the price of the commodity
• D)a change in the number of suppliers of the commodity
• E)a change in the price of substitute goods

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Definitions:

Shortage Costs

Costs associated with the unavailability of inventory or goods, leading to lost sales, backorders, or production delays.

Adjustment Costs

Expenses incurred by a company or economy in making transitions or changes to a new policy, process, or condition.

Same Day Value

Financial transactions that are settled on the same day they are initiated.

Concentrator Account

A single centralized bank account that consolidates funds from various sources for the purpose of streamlined management.