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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