Which of the following is NOT a supply shifter?
A) Level of technology
B) Prices of inputs
C) Average income level
D) Weather
Correct Answer:
Verified
Q62: If the price of an input rises,producers
Q63: The supply function:
A) describes how much of
Q64: Producer surplus is the:
A) area above the
Q65: Competitive market equilibrium:
A) is determined by the
Q66: When quantity demanded exceeds quantity supplied:
A) there
Q68: The minimum wage:
A) is an example of
Q69: Consumer surplus is:
A) the value consumers get
Q70: Under a price ceiling,the full economic price
Q71: If an excise tax is imposed on
Q72: An ad valorem tax shifts the supply
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