Which of the Following Factors Will NOT Result in a Shift

question 96

Multiple Choice

Which of the following factors will NOT result in a shift in the supply curve?

• A) change in the number of suppliers
• B) change in the price of substitute goods
• C) cost savings resulting from new technology
• D) change in the costs of labour

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Definitions:

Mental Operation

Cognitive processes that allow an individual to reason, perform abstract thinking, and solve problems.

Identity

The qualities, beliefs, personality, looks, and/or expressions that make a person or group.

Tower of Hanoi

A mathematical game or puzzle consisting of three pegs and a number of disks of different sizes which can slide onto any peg, with the objective being to move the entire stack to another peg, following certain rules.

Subgoals

Intermediate objectives or targets set in pursuit of a primary goal, helping to structure progress.