Author Question: Which of the following does NOT shift the supply curve? A) a technological advance B) a decrease ... (Read 270 times)

stephzh · **on:** Jun 29, 2018

Which of the following does NOT shift the supply curve?

A) a technological advance
B) a decrease in the wages of labor used in production of the good
C) a fall in the price of a substitute in production
D) an increase in the price of the good

Question 2

What is most likely to happen to the cost of owning and operating a golf course in a large city when the population grows?

A) The cost will decline because the course will be used closer to its capacity.
B) The cost will not change as long as no attempt is made to enlarge the course.
C) The cost will rise because the land will become more valuable for other purposes.
D) The cost will rise if the course is privately owned but will be unchanged if the course is municipally owned.
E) The cost will vary depending on the amount of competition from other courses.