Which of the Following Does Not Shift the Aggregate Supply

question 88

Multiple Choice

Which of the following does not shift the aggregate supply curve to the right?

• A) A very large crop of grain
• B) A higher average level of education
• C) Lower prices of natural resources
• D) Freezing weather that destroys the Florida citrus crop
• E) Lower OPEC prices

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Definitions:

Consumer Surplus

The difference in planned versus actual spending by consumers on a good or service.

Price Discrimination

A pricing strategy where a firm charges different prices for the same product or service to different consumers, based on their ability to pay, in order to maximize profits.

Privatizing

The act of moving control and ownership from the government to private entities, including businesses, enterprises, agencies, or public services.

Monopolizing

The act or process by which a single seller gains exclusive control over a market, limiting competition and often leading to higher prices for consumers.