All of the following factors will affect the supply of shoes except one. Which will not affect the supply of shoes?

Question

Quizplus · Accepted Answer

An increase in consumer income will not affect the supply of shoes, as it is a demand-side factor. The other three factors are related to the production and supply of shoes. A higher wage for shoe factory workers may increase the cost of production and lower supply, while a higher price for leather may increase costs and decrease supply. A technological improvement that reduces waste, on the other hand, may increase the efficiency of production and increase the supply of shoes.

All of the Following Factors Will Affect the Supply of Shoes