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 Which of the following changes would not shift the supply curve for a good?A change in price does not shift the supply curve.
Which of the following would not cause a shift in the supply curve for a good an increase in demand for that good?The answer is C.
These factors can be an improvement in technology, changes in the cost of inputs, changes in taxation or subsidies, etc. On the other hand, a change in the price of the good causes movements along the supply curve itself but will not cause any shift in the supply curve.
What never shifts the supply curve?A higher or lower price never shifts the supply curve, as suggested by the shift in supply from S1 to S2. Instead, a price change leads to a movement along a given supply curve. Similarly, a higher or lower price never shifts a demand curve, as suggested in the shift from D0 to D1.
Which one of the following changes would not shift the demand curve for a good or service?Answer and Explanation: A change in the price of a good does not shift the demand curve. Instead, it causes a movement along the demand curve. A change in any other factors will shift the demand curve to the left or to the right.
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Which of the following changes would not shift the supply curve for a good or?
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