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:

Certifies A Check

A bank's confirmation that there are sufficient funds in the issuer's account to cover the check, guaranteeing payment to the bearer.

Reserved Funds

money set aside for specific purposes or emergencies, ensuring financial stability or fulfilling certain conditions.

Cashier's Checks

A check issued by a bank, drawn on its own funds and signed by a cashier, guaranteeing payment to the payee named on the check.

Issuing Banks

Financial institutions that provide cardholder services for credit, debit, or other payment cards, including the issuance of cards and management of the accounts associated with them.