Which influence does NOT shift the supply curve?
A)people deciding that they want to buy more of the product
B)a decrease in the price firms expect to receive in the future
C)a rise in the wages paid to workers
D)the development of a new production technology

Question

Quizplus · Accepted Answer

The demand for a product is what drives people to purchase more of it, and it is therefore an influence on the demand curve, not the supply curve. The other options are all factors that can shift the supply curve. B represents a decrease in expected future prices, which may mean firms are more willing to supply the good now; C represents an increase in labor costs, which reduces profits and thus reduces supplier interest; D represents an advancement in technology, leading to increased efficiency and lower production costs.

Which Influence Does NOT Shift the Supply Curve