If you eat pine nuts, berries, and salmon as part of your diet, you likely live in the "Pacific Northwest," since this is where all of these items can be found (generally speaking).
Answer:
All of the following can change the supply curve EXCEPT: C a change in consumer tastes for the product.
Explanation:
New technologies, such as more efficient or less expensive production processes, or a modification in the number of competitors in the market have resulted in a change in supply.
The imbalance in the market is due to a change in supply leads in the supply curve and can be corrected by altering prices and demands. The main dissimilarity is that an alteration in supply is not to be confused with an alteration in the supplied quantity.
The first one results in a shift in the entire supply curve, while the second one results in movement along the existing supply curve.
Main factors that affect the supply curve are:
- Number of sellers
- Expectations of sellers
- Price of raw materials
- Technology
- Other prices
In colonial times, the New England colonies had cold climates, a short growing season, and brittle soil, which could grow little crops. Therefore, the colonists has to result to a different method to sustain their economy and turned to fishing, lumber, shipbuilding, and other industrial occupations.
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After World War II, almost all of Western and Eastern Europe was in literal ruins. Countries such as Germany and France saw major battles and were economically destroyed with millions dead and broken infrastructure.
The Situation in Britain was similar, which had seen some of the worst bombing raids conducted by the German air force.