Which of the Following Factors Will NOT Result in a Shift

question 49

Multiple Choice

Which of the following factors will NOT result in a shift in the supply curve?

• A) Change in the number of suppliers
• B) Change in the price of substitute goods
• C) Cost savings resulting from new technology
• D) Change in the costs of labour

---

Definitions:

Availability

The degree to which a product or service can be purchased or accessed by consumers at a given time.

Consumer Tastes

Preferences and likings of consumers that influence their purchasing decisions and are shaped by cultural, social, and individual factors.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer due to their similarities in function or utility.

Oligopoly

A market structure in which a few firms dominate, leading to limited competition and potentially higher prices and levels of cooperation.