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.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 24P

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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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