Multiple Choice
Which of the following is a non-price determinant of supply that would shift the supply curve for a good?
3. The Market Forces of Supply and Demand
Shifts in the Supply Curve
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Which of the following does NOT cause a shift in the supply curve for a good?
A
A change in the prices of inputs
B
A change in the number of sellers in the market
C
A change in the price of the good itself
D
A change in technology used to produce the good
Verified step by step guidance1
Understand that a supply curve shows the relationship between the price of a good and the quantity supplied, holding other factors constant.
Recall that a shift in the supply curve means the entire curve moves either left or right, indicating a change in supply at every price.
Identify factors that cause shifts in supply: changes in input prices, number of sellers, and technology are all external to the good's own price and affect supply directly.
Recognize that a change in the price of the good itself does not shift the supply curve but causes a movement along the supply curve (change in quantity supplied).
Conclude that the factor which does NOT cause a shift in the supply curve is a change in the price of the good itself.
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