Which of the following is correct? The supply curve will shift when
A)income,preferences,or the number of suppliers change.
B)income,preferences,or the number of buyers change.
C)income,preferences,or production technology changes.
D)the number of sellers and the number of buyers change.
E)production technology and input prices change.

Question

Quizplus · Accepted Answer

The supply curve shifts when there are changes in production technology or input prices, as these factors directly affect the cost of production and the ability to supply goods.

Which of the Following Is Correct? the Supply Curve Will