Multiple Choice
Which of the following is a non-price determinant of supply (i.e., something that shifts the supply curve rather than causing movement along it)?
3. The Market Forces of Supply and Demand
Shifts in the Supply Curve
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Which of the following will NOT shift the supply curve for a good?
A
A change in government taxes on producers
B
A change in the price of the good itself
C
A change in the cost of production inputs
D
A technological improvement in production
Verified step by step guidance1
Understand that the supply curve shows the relationship between the price of a good and the quantity supplied, holding other factors constant.
Recognize that a change in the price of the good itself causes a movement along the supply curve, not a shift of the supply curve.
Identify factors that cause the supply curve to shift, such as changes in government taxes on producers, which affect production costs and profitability.
Consider how changes in the cost of production inputs (like labor or raw materials) shift the supply curve because they alter the cost structure for producers.
Acknowledge that technological improvements in production increase efficiency, lowering costs and shifting the supply curve to the right.
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