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:

Percentile

A measure used in statistics indicating the value below which a given percentage of observations in a group of observations falls.

Normal Model

A bell-shaped frequency distribution graph where the bulk of the values lie close to the mean, used in many statistical analyses to describe data sets.

Percentile

A measure used in statistics indicating the value below which a given percentage of observations in a group fall.

Standard Deviation

A metric that assesses the level of dispersion or scattering within a collection of data values.