Examlex
Which of the following does NOT shift the short-run aggregate supply curve?
Price Floor
A government- or authority-imposed minimum price for a commodity, which is meant to ensure that the market price does not drop below a certain level.
Equilibrium Price
The price at which the quantity of a good or service supplied equals the quantity demanded, leading to market stability where there is no tendency for change.
Excess Supply
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Nonprice Rationing
The allocation of goods among consumers using criteria other than price, such as waiting times or quotas.
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