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Economics
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21 Oct 2020

Which of the following will NOT shift the supply curve?

    1. Decrease in price of good

    2. Increase in sales tax

    3. Decrease in oil prices

    4. Increase in availability of raw materials

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Macroeconomics
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Basic Demand-Supply
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020

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Related questions

Oil Price Shocks
Both the long-run aggregate supply curve and the short-run aggregate supply curve shift in response to changes in the availability of labor or capital or to changes in technology and productivity. A widespread temporary change in the prices of factors of production, however, can cause a shift in the short-run aggregate supply curve without affecting the long-run aggregate supply curve.

Tasks:
Suppose there is a temporary but significant increase in oil prices in an economy with an upward-sloping Short-Run Aggregate Supply (SRAS) curve. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price increase, should they increase or decrease the quantity of money in circulation? Why?
APA guidelines, standards, and formatting.

Which of the following will NOT shift the demand curve?

    1. Decrease in income tax

    2. Increase in price of good

    3. Decrease in price of substitute good

    4. A change in consumer tastes and preference

An increase in the availability of substitute goods will cause demand for a good to ______ and its equilibrium price to ______

    1. Increase; increase

    2. Increase; decrease

    3. Decrease; increase

    4. Decrease; decrease

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