Which of the Following Would Not Shift the Supply Curve

question 31

Multiple Choice

Which of the following would not shift the supply curve for mp3 players?

• A)an increase in the price of mp3 players
• B)a decrease in the number of sellers of mp3 players
• C)an increase in the price of plastic,an input into the production of mp3 players
• D)an improvement in the technology used to produce mp3 players

---

Definitions:

Behavioral Perspective

An approach to psychology that focuses on observable behaviors and the ways in which they are learned.

Observable Responses

Measurable actions or reactions of an organism in response to external or internal stimuli.

Conscious Processes

Mental activities of which an individual is aware, involving perception, thinking, and remembering.

Hindsight Bias

The tendency to believe, after learning an outcome, that we would have foreseen it. (Also known as the I-knew-it-all-along phenomenon.)