Exhibit 5-2 Price E O 4 $ S .D₂ Quantity of Submarine Sandwiches 52 Refer to Exhibit 5-2. A movement from D₁ to D2 could occur if: there is a decrease in the income of consumers and submarine sandwiches are inferior goods. there is an increase in the income of consumers and submarine sandwiches are inferior goods. the wages of submarine sandwich makers decrease. the price of bread, used to make submarine sandwiches, increases.

Exhibit 5-2 Price E O 4 $ S .D₂ Quantity of Submarine Sandwiches 52 Refer to Exhibit 5-2. A movement from D₁ to D2 could occur if: there is a decrease in the income of consumers and submarine sandwiches are inferior goods. there is an increase in the income of consumers and submarine sandwiches are inferior goods. the wages of submarine sandwich makers decrease. the price of bread, used to make submarine sandwiches, increases.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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