All of the Following Shift the Short- Run Aggregate Supply

question 414

Multiple Choice

All of the following shift the short- run aggregate supply curve EXCEPT

• A) technological progress.
• B) a change in the money wage rate.
• C) a change in the price of a raw material.
• D) a change in the price level.

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Definitions:

Pricing

The process of determining the value that will be charged for goods or services offered to customers.

Perceived Value

The worth or importance a product or service holds in the mind of the consumer, which can influence their decision to purchase.

Marketing Mix

A set of controllable marketing tools—Product, Price, Place, and Promotion—that a company uses to produce a desired response from its target market.

Variety Of Products

A wide range of different items or goods offered by a business to meet various customer needs and preferences.