Which of the Following Will NOT Shift the Supply Curve

question 60

Multiple Choice

Which of the following will NOT shift the supply curve for pick- up trucks?

• A)A change in the price of pick- up trucks
• B)A technological advance
• C)A change in the number of firms supplying pick- up trucks
• D)An increase in the price of a resource used to produce pick- up trucks

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Definitions:

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period, including operating and non-operating expenses.

Total Revenues

The complete amount of income generated by a business through its activities, before any costs or expenses are deducted.

Private Accountants

Accountants employed by a single company to handle its financial records, analysis, and reporting.

Business Enterprises

Organizations engaged in commercial, industrial, or professional activities, aiming to earn profits.