Suppose that some resource X is necessary to produce some good Y. If the price of Xrises OA. the demand curve for X shifts to the left. OB. the supply curve of resource X shifts to the right. OC. the supply curve of good Y shifts to the left. D. there is a movement along the supply curve of good Y OE. the supply curve of good Y is unaffected. D

Suppose that some resource X is necessary to produce some good Y. If the price of Xrises OA. the demand curve for X shifts to the left. OB. the supply curve of resource X shifts to the right. OC. the supply curve of good Y shifts to the left. D. there is a movement along the supply curve of good Y OE. the supply curve of good Y is unaffected. D

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

Suppose that some resource X is necessary to produce some good Y If the price of X rises
GREEEE
A. the demand curve for X shifts to the left
OB. the supply curve of resource X shifts to the right.
OC. the supply curve of good Y shifts to the left
OD. there is a movement along the supply curve of good Y
OE. the supply curve of good Y is unaffected

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