Asked by
Gabby Knapp
on Oct 12, 2024
Verified
All but which one of the following could shift the supply curve for bicycles?
A) An increase in the price of aluminum used in the bicycles.
B) An increase in the price of bicycles.
C) An increase in the number of bicycle manufacturers.
D) A new,cheaper way of producing bicycles.
E) A new union contract that raises the price of labor in bicycle factories.
Supply Curve
A visual chart that illustrates the connection between a good's price and the amount of it producers are ready to offer.
Aluminum
A silvery-white, lightweight metal, it's the most abundant metal in the Earth's crust and is used in a vast array of products from cans to airplanes.
- Recognize factors that cause shifts in supply curves.
Verified Answer
AC
Learning Objectives
- Recognize factors that cause shifts in supply curves.