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Please Answer Correctly 1.) Which of the following influences does not shift the supply curve? A rise in the wages paid workers Development of new

Please Answer Correctly

1.) Which of the following influences does not shift the supply curve?

A rise in the wages paid workers

Development of new technology

People deciding that they want to buy more of the product

A decrease in the number of suppliers

2.) To say that "supply increases" because of a fall in costs means there is a

movement rightward along a supply curve.

movement leftward along a supply curve.

shift rightward in the supply curve.

shift leftward in the supply curve.

3.)If the market for Twinkies is in equilibrium, then

Twinkies must be a normal good.

producers would like to sell more at the current price.

consumers would like to buy more at the current price.

the quantity supplied equals the quantity demanded.

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