Which of the following will NOT shift the supply curve for lawnmowers? a. a change in the number of firms supplying lawnmowers b. an increase in the price of a substitute good c. an increase in the price of a resource used to produce lawnmowers d. a technological advance
Which of the following will NOT shift the supply curve for lawnmowers? a. a change in the number of firms supplying lawnmowers b. an increase in the price of a substitute good c. an increase in the price of a resource used to produce lawnmowers d. a technological advance
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 20P
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Which of the following will NOT shift the supply curve for lawnmowers?
a.
a change in the number of firms supplying lawnmowers
b.
an increase in the price of a substitute good
c.
an increase in the price of a resource used to produce lawnmowers
d.
a technological advance
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