Which One of the Following Would Not Shift the Supply

question 5

Multiple Choice

Which one of the following would not shift the supply curve of good X to the right?

• A)a fall in the price of the factors of production used in producing X
• B)an improvement in technology used in the production of X
• C)a rise in the price of X
• D)an increase in the price of Y, a complement in production of X
• E)a fall in the price of Y, a substitute in production of X

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Definitions:

Operating Costs

Expenses associated with the day-to-day functioning of a business, such as rent, utilities, and payroll, excluding costs related to production.

Annual Cost

The total expenses associated with maintaining or operating something over the course of a year.

Useful Life

The estimated period over which a fixed asset is expected to be useful to the owning entity, crucial for calculating depreciation.

Machine

Equipment or devices designed to perform specific tasks, often used in manufacturing and production processes.