Suppose There Is an Increase in the Availability of an Important

question 130

Multiple Choice

Suppose there is an increase in the availability of an important major resource, such as oil. Which shift would most likely occur?

• A) The aggregate supply would shift right.
• B) The aggregate supply would shift left.
• C) The aggregate demand would shift right.
• D) The aggregate demand would shift left.

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Definitions:

Cones

Photoreceptor cells in the retina that are responsible for color vision and function best in relatively bright light.

Visual Receptors

Visual receptors are cells located in the retina of the eye that are sensitive to light and enable vision.

Retina

The light-sensitive layer of tissue at the back of the inner eye, which converts light images into electrical signals sent to the brain.

Optic Nerve

The nerve that transmits visual information from the retina to the brain.