Refer to the Accompanying Diagram to Answer the Following Questions

question 28

Multiple Choice

Refer to the accompanying diagram to answer the following questions :

-The demand curve shift shown in the figure was caused by a(n)

• A) increase in the input cost of the good.
• B) increase in the price of a substitute of the good.
• C) decrease in the number of firms selling the good.
• D) decrease in the number of buyers in the market for the good.
• E) expectation that the future price of this good will be higher than it is currently.

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