Question 15
Theory of SupplyA set of factors that can shift the supply curve are changes in
- A.weather, price and technology
- B.technology, weather and population
- C.technology, price and taste
- D.population, price and taste.
Show the answer and explanation
Answer: B (technology, weather and population)
Explanation
A change in the good's own price only moves along the supply curve, and taste affects demand. B is the only set without price or taste.