Which of the Following Change the Position of the Supply

question 11

Multiple Choice

Which of the following change the position of the supply curve by affecting the cost of production in a given period?

• A) Number of buyers
• B) Consumer tastes
• C) Input prices
• D) Technology
• E)Number of producers

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Definitions:

Families

Social units consisting of individuals related by blood, marriage, or other relational bonds, often forming the basic unit of society.

Effective Average

A measure that represents an average value weighted according to the relevance or importance of different components.

Lump-sum Amount

A fixed total amount that does not change with the level of output, activity, or number of beneficiaries.

Tax System

A framework of policies governing how taxes are collected from individuals and businesses by a governing authority.