Which of the following will not cause a short-run shift in the supply curve?
A)a change in the number of sellers
B)a change in the cost of resources
C)a change in the price of the product
D)a change in future expectations

Question

Quizplus · Accepted Answer

A change in the price of the product will not cause a short-run shift in the supply curve. A change in the price of the product will only result in a movement along the existing supply curve, changing the quantity supplied but not the overall supply curve. A change in the number of sellers, the cost of resources, or future expectations can all cause a short-run shift in the supply curve.

Which of the Following Will Not Cause a Short-Run Shift