A change in supply will not be caused by a(n)
A)change in the price producers believe will prevail in the future.
B)change in the price of inputs.
C)change in the number of producers.
D)increase in the number of consumers.
E)improvement in technology.

Question

Quizplus · Accepted Answer

A change in supply refers to a shift in the entire supply curve, which occurs due to factors other than the price of the product itself. An increase in the number of consumers would affect demand, not supply. Changes in supply are caused by changes in factors such as input prices, technology, producer expectations, and the number of producers.

A Change in Supply Will Not Be Caused by A(n)