A Shift of the Supply Curve for Rutabagas Occurs If

question 134

Multiple Choice

A shift of the supply curve for rutabagas occurs if there is

• A)a change in preferences for rutabagas.
• B)a change in the price of a related good that is a substitute for rutabagas.
• C)a change in income.
• D)a change in the price of rutabagas.
• E)none of the above

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.