Factors That Might Shift the Market Supply Curve for an Industry

question 327

Multiple Choice

Factors that might shift the market supply curve for an industry include all of these EXCEPT

• A) demographic changes.
• B) nonmonetary factors.
• C) inflation.
• D) wages paid in other industries.

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Definitions:

Double-Blind Control

An experimental setup where neither the participants nor the experimenters know who is receiving a particular treatment, minimizing bias.

Experimenter Bias

A method in which researchers involved in the study affect the outcomes to reflect a specific result.

Survey

A research method that involves collecting information from a sample of individuals through their responses to questions in order to gather data on opinions, behaviors, or characteristics.

Randomization

A process used in experimental designs to ensure that each participant has an equal chance of being assigned to any given group, aiming to eliminate bias.