QuestionJuly 20, 2025

The supply curve may shift if any production -related variable changes EXCEPT a change in the price of the good. True False

The supply curve may shift if any production -related variable changes EXCEPT a change in the price of the good. True False
The supply curve may shift if any production -related variable changes EXCEPT a change in the
price of the good.
True
False

Solution
4.7(226 votes)

Answer

True Explanation 1. Identify the factors affecting the supply curve The supply curve shifts due to changes in production-related variables such as technology, input prices, number of sellers, and expectations. A change in the price of the good itself does not shift the supply curve; it causes movement along the curve. 2. Determine the exception Since a change in the price of the good leads to movement along the supply curve rather than shifting it, this is the exception.

Explanation

1. Identify the factors affecting the supply curve<br /> The supply curve shifts due to changes in production-related variables such as technology, input prices, number of sellers, and expectations. A change in the price of the good itself does not shift the supply curve; it causes movement along the curve.<br /><br />2. Determine the exception<br /> Since a change in the price of the good leads to movement along the supply curve rather than shifting it, this is the exception.
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