Which of the following will NOT cause a shift in the supply of gasoline?
A) An increase in the wage rate of refinery workers
B) A decrease in the price of gasoline
C) An improvement in oil refining technology
D) A decrease in the price of crude oil

Question

Quizplus · Accepted Answer

A decrease in the price of gasoline would be a movement along the supply curve, rather than a shift in the supply curve itself. The other options all involve factors that would lead to a shift in the supply curve, either causing an increase or decrease in the quantity supplied at each price level.

Which of the Following Will NOT Cause a Shift in the Supply