Which of the Following Will NOT Shift the Supply Curve

question 14

Multiple Choice

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

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

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Definitions:

Standard Deviation

A gauge for the level of variability or disparity within a set of data points.

Interval Estimate

A type of estimate used in statistics that specifies a range within which a population parameter is expected to lie with a certain level of confidence.

Distribution

Refers to the way in which something is shared out among a group or spread over an area.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used in the context of mean.