Which one of the following will not lead to an increase in the supply of precast concrete walls, illustrated by a rightward shift of the supply curve? A. A decrease in wage rates in the industry. B. A decrease in the price of concrete. C. A decrease in the price of cement. D. An increase in the price of precast concrete walls. E. An improvement in technology pertaining to the manufacture of precast concrete walls

Which one of the following will not lead to an increase in the supply of precast concrete walls, illustrated by a rightward shift of the supply curve? A. A decrease in wage rates in the industry. B. A decrease in the price of concrete. C. A decrease in the price of cement. D. An increase in the price of precast concrete walls. E. An improvement in technology pertaining to the manufacture of precast concrete walls

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 20P

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Which one of the following will not lead to a decrease in the supply of precast concrete walls, illustrated by a leftward shift of the supply curve?A. A decrease in the price of precast concrete walls.B. An increase in wage rates in the industry.C. An increase in the price of concrete stone.D. An increase in the price of cement.E. An increase in the cost of machinery required to manufacture the concrete slabs.
Which one of the following will result in a decrease in the quantity of precast concrete walls supplied, illustrated by a downward movement along the supply curve?A. An increase in wage rates in the industry.B. A decline in productivity in the industry.C. An increase in the price of cement.D. A decrease in the price of precast concrete walls.E. An increase in the cost of equipment required to manufacture concrete slabs.
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