Which of the Following Would Not Cause a Change in the Supply

question 176

Multiple Choice

Which of the following would not cause a change in the supply of milk?

• A)​an increase in government subsidies to dairy farmers
• B)​an increase in the price of milk
• C)​the discovery of growth hormones to stimulate the milk production of cows
• D)​an increase in the cost of feed for cows

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Definitions:

Market Trends

The general direction in which a market or the prices of a particular set of goods and services is moving.

Corporate Centre

The central unit within a corporation that oversees and supports the activities of its various divisions and operations.

Responsibility Centre

A business unit or department for which its manager is accountable for certain activities and financial performance.

Investment Centre

A business unit or division that is responsible for generating returns on the assets allocated to it, with managers typically evaluated on profitability and the efficiency of asset utilization.