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Author Question: Which of the following influences does NOT shift the supply curve? A) a rise in the wages paid ... (Read 15 times)

fagboi

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on: Jun 29, 2018
Which of the following influences does NOT shift the supply curve?
 
  A) a rise in the wages paid workers who produce the good
  B) the development of new technology
  C) people deciding that they want to buy more of the product
  D) a decrease in the number of suppliers

Question 2

Refer to the scenario above. The winner of this auction will earn a consumer surplus of ________.
 
  A) 450
  B) 50
  C) 150
  D) 100


Bsand8

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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