Which of the Following Factors Will NOT Affect the Supply

question 72

Multiple Choice

Which of the following factors will NOT affect the supply of shoes?

• A) higher prices for leather
• B) an increase in consumer income
• C) higher wages for shoe factory workers
• D) a technological improvement that reduces waste of leather and other raw materials in shoe production

---

Definitions:

Long-term Solvency

The ability of an entity, typically a government or business, to meet its long-term financial liabilities and obligations.

Low Birthrate

A situation where a country or region experiences a lower number of births, often leading to concerns about population decline and demographic aging.

Aging Population

A demographic trend where the median age in a population increases over time due to increasing life expectancy and/or declining birth rates.

Entitlement Program

Government programs that provide guaranteed benefits to those who meet eligibility requirements, such as Social Security or Medicare.