Which of the Following Will NOT Affect the Position of the Market

question 408

Multiple Choice

Which of the following will NOT affect the position of the market supply curve for a good?

• A) The government grants a subsidy to the producers for each unit of a good that they produce.
• B) The price of the good increases.
• C) The number of sellers in the market increases.
• D) There is an increase in the prices of the inputs used in production.

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Definitions:

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Contingencies

Potential liabilities or gains that may occur in the future, dependent on the outcome of a specific event.

Federal Income Tax

Federal Income Tax is the tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

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Federal Insurance Contributions Act tax, a mandatory payroll deduction in the United States funding Social Security and Medicare benefits.