QUANTITY Refer to Figure 4-6. The shift from S' to S in the market for chocolate cake could be caused by O an increase in the price of butter. O a decrease in se price of flour. an increase in income. an increase in the price of chocolate cake. PRICE in

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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**Figure 4-6**

This figure represents a supply and demand graph with two supply curves labeled S and S'. The y-axis is labeled "Price" and the x-axis is labeled "Quantity."

The graph illustrates a shift from the supply curve S' to the supply curve S.

**Explanation of the Graph:**

- The initial supply curve is labeled S'.
- The shifted supply curve is labeled S, indicating an increase in supply.

**Refer to Figure 4-6:** 

The shift from S' to S in the market for chocolate cake could be caused by:

- ○ an increase in the price of butter.
- ○ a decrease in the price of flour.
- ○ an increase in income.
- ○ an increase in the price of chocolate cake.
Transcribed Image Text:**Figure 4-6** This figure represents a supply and demand graph with two supply curves labeled S and S'. The y-axis is labeled "Price" and the x-axis is labeled "Quantity." The graph illustrates a shift from the supply curve S' to the supply curve S. **Explanation of the Graph:** - The initial supply curve is labeled S'. - The shifted supply curve is labeled S, indicating an increase in supply. **Refer to Figure 4-6:** The shift from S' to S in the market for chocolate cake could be caused by: - ○ an increase in the price of butter. - ○ a decrease in the price of flour. - ○ an increase in income. - ○ an increase in the price of chocolate cake.
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