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Andreyy89
3 years ago
9

Which of the following will not cause a short-run shift in the supply curve? a change in the number of sellers a change in the c

ost of resources a change in the price of the product a change in future expectations
Mathematics
1 answer:
murzikaleks [220]3 years ago
8 0

Answer:

Option C. A change in the price of the product

Step-by-step explanation:

Several factors such as change in the cost of production, natural conditions, emergence of new technology, government policies, etc. affect supply and cause a shift in the supply curve. When there are changes in the quality and quantity of labor and capital, the changes affect both the short-run and long-run supply curves.

A change in the price of the product itself is not among the factors that shift the supply curve. Although a change in price of a good or service causes a change in quantity supplied or a movement along the supply curve for that specific good or service, it does not cause a shift in the supply curve itself

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leva [86]

Scenario #1:

Flipping a coin and rolling a die are independent events, so the combined probability is the product of the individual probabilities.

Flipping a coin: There are two different possible outcomes, heads and tails. You are interested in heads. You are interested in 1 outcome out of 2.

p(heads) = 1/2

Rolling a die: There are 6 different possible outcomes, the numbers 1, 2, 3, 4, 5, and 6. You are interested in a number greater than 2, so your desired outcomes are 3, 4, 5, 6, which means 4 different desired outcomes out of 6.

p(die toss greater than 2) = 4/6 = 2/3

Combined probability:

p(heads followed by number greater than 2) =

= p(heads) * p(die toss greater than 2)

= 1/2 * 2/3

= 1/3

Scenario #2:

There are 4 colors on the spinner. For each color on the spinner, the die can land on one of 6 numbers. 4 * 6 = 24. There are 24 different combined outcomes.

You are interested in blue OR 6. Six outcomes have blue and a number from 1 to 6. Then if the spinner lands in any of the other 3 colors, each one has one outcome of 6 with that color. The total number of desired outcomes is 6 + 3 = 9.

Number of desired outcomes: 9

Number of possible outcomes: 24

p(blue or 6) = 9/24 = 3/8

Final Question:

The scenario that gives you better odds is Scenario #2 since 3/8 > 1/3.


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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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