för kitchen ets. Which of the following would tend to cause the supply curve to shift from S1 to t one: a decrease in consumer income an increase in the price of steel hinges, a resource used to produce kitchen cabinets the invention of "folding" plates and cups that take up substantially less storage space in the kitchen
för kitchen ets. Which of the following would tend to cause the supply curve to shift from S1 to t one: a decrease in consumer income an increase in the price of steel hinges, a resource used to produce kitchen cabinets the invention of "folding" plates and cups that take up substantially less storage space in the kitchen
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:S2
Quantity of Kitchen Cabinets
In Figure 3-11, suppose D, and S, indicate initial conditions in the market for kitchen
cabinets. Which of the following would tend to cause the supply curve to shift from S, to
S2?
Select one:
O a. a decrease in consumer income
O b.
an increase in the price of steel hinges, a resource used to produce kitchen
cabinets
Ос.
the invention of "folding" plates and cups that take up substantially less storage
space in the kitchen
O d. a decrease in the price of wood, a resource used to produce kitchen cabinets
Price
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