Question

Which of the following will not cause a change in the supply for a product?

A.) A change in price of the product

B.) A change in producer expectations

C.) A change in weather

D.) A change in the price of a related product

Answer 1

The correct answer is (A) A change in price of the product.

Change in supply occurs whenever there is change in factors other than its own price. Change in price of the product results in change in quantity supplied(which results in movement along supply curve) and not change in supply(shift in supply curve).

Among the given options Producer expectation , weather and prices of related product are factors other than its own price and hence will result in change in supply and shift in supply curve. But Price of the product is its own price and hence will result in change in quantity supplied and hence movement along supply curve(and Not change in supply).

Hence, the correct answer is (A) A change in price of the product