(Figure: Demand and Supply of Sugar) Use Figure: Demand and Supply of Sugar. A factor that may have shifted the supply from S₁ to S₂ is: Price (per pound) $50 40 40 30 25 20 15 10 0 100 200 S₁ $2 D 500 600 300 400 Quantity of sugar (per month) better technology in the production of sugar. increased demand. lower labor productivity in sugar production. increased prices of substitutes in the production of sugar.
(Figure: Demand and Supply of Sugar) Use Figure: Demand and Supply of Sugar. A factor that may have shifted the supply from S₁ to S₂ is: Price (per pound) $50 40 40 30 25 20 15 10 0 100 200 S₁ $2 D 500 600 300 400 Quantity of sugar (per month) better technology in the production of sugar. increased demand. lower labor productivity in sugar production. increased prices of substitutes in the production of sugar.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:(Figure: Demand and Supply of Sugar) Use Figure: Demand and Supply of Sugar. A
factor that may have shifted the supply from S₁ to S₂ is:
Price
(per pound)
$50
40
40
30
25
20
15
10
0
100
200
S₁
$2
D
500
600
300 400
Quantity of sugar (per month)
better technology in the production of sugar.
increased demand.
lower labor productivity in sugar production.
increased prices of substitutes in the production of sugar.
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