13. A possible explanation for a change in demand from D1 to D2 is (a) decrease in supply. (b) increase in supply. (c) improvement in technology. (d) increase in wages. (e) increase in the number of buyers.14. A possible explanation for a change in supply from S1 to S2 is (a) an increase in consumer income. (b) a decrease in demand. (c) an increase in demand. (d) an increase in the cost of energy. (e) an increase in the number of sellers.

A change in demand refers to a state of affairs that places the extent of a proper or carrier that…

Answered: 13. A possible explanation for a change…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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13. A possible explanation for a change in demand from D1 to D2 is

		(a) decrease in supply.
		(b) increase in supply.
		(c) improvement in technology.
		(d) increase in wages.
		(e) increase in the number of buyers.

14. A possible explanation for a change in supply from S1 to S2 is

		(a) an increase in consumer income.
		(b) a decrease in demand.
		(c) an increase in demand.
		(d) an increase in the cost of energy.
		(e) an increase in the number of sellers.

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