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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #730952
Introduction to Economics 1 Deneme Sınavı Sorusu #730952
Which of the following is not one of the non-price factors that lead to a shift in the supply curve?
Input prices |
Income |
Technology |
Expectations |
Number of sellers |
Yanıt Açıklaması:
There are a number of non-price factors that determine supply and that lead to an actual shift of the supply curve to either the right or the left. Whenever we look at a change in one of the determinants, we always make the ceteris paribus assumption. Some of these determinants are: input prices, technology, expectations of producers and/or sellers and number of sellers. Income is a factor determining demand. The correct answer is B.
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