Which of the following will not shift the supply curve to the left? a) an increase in wages paid to workers b) a decrease in the number of sellers C) an increase in the cost of production d) a decrease in cost of production
Which of the following will not shift the supply curve to the left? a) an increase in wages paid to workers b) a decrease in the number of sellers C) an increase in the cost of production d) a decrease in cost of production
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following will not shift the supply curve to the left?
a) an increase in wages paid to workers
b) a decrease in the number of sellers
C) an increase in the cost of production
d) a decrease in cost of production
Expert Solution

Step 1
In economics, the law of supply establishes that prices and quantity supplied are positively related to each other., keeping other factors that determine supply as constant. If there is any change in the other factor than the own price of the good, it will cause a leftwards or a rightwards shift in the supply curve.
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