28 24 20 16 12 8 0 a S1 0 D1 4 8 12 16 10. A likely cause of a change in demand from D2 to D1 is O(a) an improvement in technology. $2 D2 20 24 Q I (b) a decrease in wages. O (c) a decrease in consumers' income, assuming this is a normal good O (d) a decrease in supply. O(e) an increase in supply.
28 24 20 16 12 8 0 a S1 0 D1 4 8 12 16 10. A likely cause of a change in demand from D2 to D1 is O(a) an improvement in technology. $2 D2 20 24 Q I (b) a decrease in wages. O (c) a decrease in consumers' income, assuming this is a normal good O (d) a decrease in supply. O(e) an increase in supply.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:28
24
20
16
12
8
4
0
S1
0
D1
$2
D2
4 8
12 16
20
10. A likely cause of a change in demand from D2 to D1 is
O(a) an improvement in technology.
O (b) a decrease in wages.
O (c) a decrease in consumers' income, assuming this is a normal good.
(d) a decrease in supply.
(e) an increase in supply.
24 Q
I
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