Holding the Other Determinants of Supply Constant, What Would a Change

question 17

Multiple Choice

Holding the other determinants of supply constant, what would a change in price do?

• A) result in a change in supply
• B) have no effect on the quantity supplied
• C) result in a shift of demand
• D) result in a movement along a stable supply curve

---

Definitions:

Finished Goods

Items that have finished being made but haven't been purchased by buyers yet.

Production Jobs

Tasks or operations related to the manufacturing or production process within an organization, often categorized by specific roles or assignments.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.

Factory Overhead

Factory overhead encompasses all indirect costs associated with manufacturing, such as utilities, maintenance, and management salaries, not directly tied to the production of goods.