Which of the Following Factors Does NOT Result in a Shift

question 48

Multiple Choice

Which of the following factors does NOT result in a shift of thesupply curve?

• A)a change in the number of sellers in the market
• B)a change in the demand for the product (True Answer )Correct
• C)a change in production technology
• D)a change in the costs of production

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Definitions:

Uncollectible Check

A check that cannot be processed because the maker’s bank account has insufficient funds or the account is closed.

Periodic Payments

Regular payments made over a specified period, such as monthly rent or quarterly insurance premiums.

Bank Statement

A summary of financial transactions that occurred over a given period on a bank account held by a person or business with a financial institution.

Outstanding Checks

Checks that have been written and recorded in the accounting records but have not yet been cashed or cleared by the bank.