Question

Which event will NOT cause the supply curve for kayaks to shift to the left?1. an increase in the costs of materials to build a kayak 2. a decrease in the price of a kayak 3. an increase in the taxes on kayaks4. a decrease in the number of sellers of kayaks

Answer 1

Answer:

a decrease in the price of a kayak 

Explanation:

A decrease in the price of kayaks leads to a downward movement along the supply curve for kayaks and not a shift of the supply curve.

An increase in the costs of materials to build a kayak and an increase in the taxes on kayaks increases cost of production and discourages production. Therefore, supply would fall. The supply curve would shift to the left as a result.

A decrease in the number of sellers of kayaks would reduce sipply and supply would fall. The supply curve would shift to the left as a result.

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