Which of the Following Does NOT Shift the Supply Curve

question 114

Multiple Choice

Which of the following does NOT shift the supply curve?

• A) an increase in the price of the good
• B) a decrease in the wages of labor used in production of the good
• C) a technological advance
• D) a fall in the price of a substitute in production

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Definitions:

Income Tax

A tax levied by a government directly on individuals' or organizations' income.

Percentage Calculation

Percentage calculation involves determining the part of a whole in terms of 100, used in various financial and statistical contexts to express proportions.

Percentage Calculation

The mathematical process of determining the percentage amount or the percentage change between two numbers.

Percentage Calculation

The mathematical process of finding a portion of a number, represented as a fraction of 100.