A Change in Which of the Following Would NOT Shift

question 327

Multiple Choice

A change in which of the following would NOT shift the supply curve for sneakers?

• A) an increase in technology for making sneakers
• B) an increase in the price of rubber, used to make sneakers
• C) an increase in the price of sneakers
• D) None of the above, that is, each change shifts the supply curve

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Definitions:

Raw Materials

The basic substances in their natural, modified, or semi-processed state used as inputs for production.

Production

Production is the process of combining various material and immaterial inputs to make something for consumption or use, often involving manufacturing or creation processes.

Job-Order Costing

A costing method that assigns costs to specific production jobs or batches, useful in customized or small batch productions.

Manufacturing Overhead

Indirect costs associated with manufacturing, not directly traced to a specific product, including utilities, depreciation, and maintenance expenses.