Which of the Following Does NOT Shift the Short-Run

question 80

Multiple Choice

Which of the following does NOT shift the short-run aggregate supply curve?

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

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.

Third-degree Price Discrimination

A pricing strategy where a firm charges different prices to different groups of consumers for the same product, based on their willingness to pay.

Tennis Lessons

Instruction or training sessions focused on improving a person's skills and understanding of the game of tennis, offered by professionals or experienced players.

Producer Surplus

The discrepancy between the amount sellers are prepared to take for a product or service and the actual payment they get.