A shift of the supply curve from S to S, could be caused by A. a change in consumers' preferences away from ordinary light bulbs toward energy-efficient light bulbs. B. a decrease in the price of energy-efficient light bulbs. C. an increase in the price of energy-efficient light bulbs. D. an increase in population with purchasing power. E. a reduction in the number of suppliers of energy-efficient light bulbs due to high cost of production.

A shift of the supply curve from S to S, could be caused by A. a change in consumers' preferences away from ordinary light bulbs toward energy-efficient light bulbs. B. a decrease in the price of energy-efficient light bulbs. C. an increase in the price of energy-efficient light bulbs. D. an increase in population with purchasing power. E. a reduction in the number of suppliers of energy-efficient light bulbs due to high cost of production.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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