Which of the Following Is Not a Supply Shifter

question 74

Multiple Choice

Which of the following is not a supply shifter?

• A) Level of technology.
• B) Prices of inputs.
• C) Average income level.
• D) Weather.

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Definitions:

Operating Costs

The expenses related to the normal day-to-day running of a business, including rent, salaries, and utilities.

Traceable Fixed Expense

Fixed expenses specifically attributable to a particular section of a business or an operation.

Price Reduction

A strategy involving the lowering of the selling price of products or services, typically to attract more customers or respond to market competition.

Traceable Fixed Expense

Fixed costs that can be directly associated with a specific cost center or business segment.