Which of the Following Changes Would Not Shift the Supply

question 29

Multiple Choice

Which of the following changes would not shift the supply curve for a good or service?

• A)a change in production technology
• B)a change in the price of the good or service
• C)a change in expectations about the future price of the good or service
• D)a change in input prices

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Definitions:

Circuit Prep Department

A specialized section within an electronics manufacturing or repair facility where circuits are prepared or assembled.

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, potentially affecting cost of goods sold and ending inventory valuation.

Shaping Department

A division in a manufacturing process that focuses on altering raw materials into desired shapes or forms required for the final product.

First-In, First-Out Method

An accounting method where the costs of the earliest goods purchased or produced are the first to be expensed.