Asked by Brandon Ramdeholl on Jul 17, 2024
Verified
Which of the following will NOT shift the supply curve for gadgets?
A) A change in the prices of inputs used in the production of gadgets
B) A change in the technology available to produce gadgets
C) A change in the price of gadgets
D) A change in the number of sellers of gadgets
Supply Curve
The supply curve is a graph showing the relationship between the price of a good and the amount of the good that suppliers are willing to sell.
Inputs
Resources used in the production process of goods and services, including labor, capital, and materials.
- Perceive the reasons for the displacement of supply curves.
Verified Answer
EM
Erika MolinetJul 22, 2024
Final Answer :
C
Explanation :
A change in the price of gadgets would affect the quantity supplied, but not the supply curve itself. The supply curve is determined by factors that affect the cost or willingness of producers to offer a certain quantity of gadgets at different prices, such as inputs prices, technology, and number of sellers.
Learning Objectives
- Perceive the reasons for the displacement of supply curves.
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