CIPS Exam L4M5 Topic 11 Question 12 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 12
Topic #: 11

[All L4M5 Questions]

All of the following shift the supply of watches to the right except...?

AAn advance in the technology used to manufacture watches

BA decrease in the wage of workers employed to manufacture watches

CAn increase in the price of watches

DManufacturers' expectation of higher watch prices in the future

Show Suggested Answer

Suggested Answer: C

A supply curve will slope upward from left to right showing more supply at higher prices, as illustrated in the graph below:

A movement along the supply curve will be brought about by a change in price, but a shift of the whole curve will be caused by a determinant other than price:

- The physical feasibility and time and energy required to produce the products

- Technology and innovation

- The objectives of the producers and their future expectations

- Prices of other goods and services

- Government's policies

LO 2, AC 2.2

by Josephine at May 07, 2022, 06:44 AM

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