Which of the following would not cause a change in supply? a. A decrease in the number of firms in the industry. b. An increase in the price of the good. C. A technological advance. d. All of the other answers will cause supply to change. e. A decrease in wages of labor used in production.

Which of the following would not cause a change in supply? a. A decrease in the number of firms in the industry. b. An increase in the price of the good. C. A technological advance. d. All of the other answers will cause supply to change. e. A decrease in wages of labor used in production.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following would not cause a change in supply?
O a. A decrease in the number of firms in the industry.
b. An increase in the price of the good.
C. A technological advance.
d. All of the other answers will cause supply to change.
e. A decrease in wages of labor used in production.

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