Which of the Following Will NOT Shift the Supply Curve

question 105

Multiple Choice

Which of the following will NOT shift the supply curve for pick-up trucks?

• A) a technological advance
• B) an increase in the price of a resource used to produce pick-up trucks
• C) a change in the number of firms supplying pick-up trucks
• D) a change in the price of pick-up trucks

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Definitions:

Mutual Provision

The practice of supplying and receiving goods or services among a group or organizations, based on cooperative agreement rather than market competition.

Support Departments

Business units that provide essential services (like IT, HR, and administration) needed by other departments to perform their core activities effectively.

Two-Stage Cost Allocation

A method in cost accounting where costs are first allocated to intermediate cost pools and then charged to specific products or services.

Support Department Costs

Expenses incurred by departments that do not directly produce goods or services but provide necessary support to production departments, such as human resources or maintenance.