All these factors would shift the supply curve of tobacco,except
A)Bad weather
B)Change in the price of tobacco
C)Changes in the wages of agricultural workers
D)A tax charged on the production of tobacco

Question

​All these factors would shift the supply curve of tobacco,except
A)​Bad weather
B)Change in the price of tobacco
C)Changes in the wages of agricultural workers
D)​A tax charged on the production of tobacco

Quizplus · Accepted Answer

Changes in the price of tobacco would not shift the supply curve, as the price is represented on the vertical axis of the supply and demand graph and does not affect the quantity supplied at each price level. However, bad weather, changes in wages, and taxes on production would all affect the cost of producing tobacco and thus shift the supply curve.

​All These Factors Would Shift the Supply Curve of Tobacco,except

All These Factors Would Shift the Supply Curve of Tobacco,except