The figure shows the market for tires. A change in the price of tires from $60 to $120 OA. causes a shift from S, to S OB. could be caused by a decrease in the price of rubber. OC. is shown as a movement from point B to point A OD. causes a shift from Sto S, OE. is shown as a movement from point A to point C Price (dollars per tire) 150 120 90 60 30 0 10 20 30 40 50 60 70 80 Quantity (thousands of tires per day) O
The figure shows the market for tires. A change in the price of tires from $60 to $120 OA. causes a shift from S, to S OB. could be caused by a decrease in the price of rubber. OC. is shown as a movement from point B to point A OD. causes a shift from Sto S, OE. is shown as a movement from point A to point C Price (dollars per tire) 150 120 90 60 30 0 10 20 30 40 50 60 70 80 Quantity (thousands of tires per day) O
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The figure shows the market for tires. A change in the price of tires from $60 to $120
OA. causes a shift from S, to S
OB. could be caused by a decrease in the price of rubber.
OC. is shown as a movement from point B to point A
OD. causes a shift from Sto S,
OE. is shown as a movement from point A to point C
Price (dollars per tire)
150
120
90
60
30
0
10 20 30 40 50 60 70 80
Quantity (thousands of tires per day)
O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd892ae6f-b916-4ae8-84bd-5357e8777817%2F90ef9d79-ad65-4a52-96ac-41eb5665e820%2Fspsr1l7_processed.png&w=3840&q=75)
Transcribed Image Text:The figure shows the market for tires. A change in the price of tires from $60 to $120
OA. causes a shift from S, to S
OB. could be caused by a decrease in the price of rubber.
OC. is shown as a movement from point B to point A
OD. causes a shift from Sto S,
OE. is shown as a movement from point A to point C
Price (dollars per tire)
150
120
90
60
30
0
10 20 30 40 50 60 70 80
Quantity (thousands of tires per day)
O
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