In the graph, an increase in supply would cause a move from which equilibrium point to another, other things being equal. Price P P Quantity of good X Which of the following might cause a shift from S1 to S₂? a) A decrease in input prices b) An improvement in technology c) An increase in input prices d) An increase in consumer income Di D₂

In the graph, an increase in supply would cause a move from which equilibrium point to another, other things being equal. Price P P Quantity of good X Which of the following might cause a shift from S1 to S₂? a) A decrease in input prices b) An improvement in technology c) An increase in input prices d) An increase in consumer income Di D₂

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the graph, an increase in supply would cause a move from which equilibrium point to another,
other things being equal.
Price
P
P
E₂
a) A decrease in input prices
b) An improvement in technology
c) An increase in input prices
d) An increase in consumer income
E
O OTO Q₂
Quantity of good X
Which of the following might cause a shift from S1 to S₂?
Di
D:

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