Which of the Following Influences Does NOT Shift the Supply

question 24

Multiple Choice

Which of the following influences does NOT shift the supply curve?

• A) People deciding that they want to buy more of the product.
• B) A decrease in the number of suppliers.
• C) The development of new technology.
• D) A rise in the wages paid workers who produce the good.

---

Definitions:

Nonprogrammed Decision

Decisions made in response to situations that are unique, poorly defined, and largely unstructured, requiring a custom-tailored solution.

Routine Situation

A scenario or circumstance that occurs regularly and is characterized by predictable patterns and a lack of novelty.

Job Description

A detailed summary of the duties, responsibilities, required qualifications, and reporting lines of a specific position within an organization.

Morphological Analysis

A method used to solve problems by breaking them down into their most basic components for analysis.