-Refer to the Figure Above

question 49

Multiple Choice

-Refer to the figure above. Which of the following could have caused the shift in the supply curve?

• A)a bad state of nature for the production of Good R
• B)a decrease in the cost of producing Good R
• C)an increase in the price of Good R
• D)an increase in the price of a substitute good in production

---

Definitions:

Graph Equations

The process of plotting solutions to an equation on a coordinate plane to visualize the relationship between variables.

System of Equations

A set of two or more equations with the same variables, where the solution is the set of values that satisfy all equations simultaneously.

Graph of Equation

A visual representation of all the points that satisfy a given equation, plotted on a coordinate grid.

Method of Substitution

A technique used to solve systems of equations by solving one equation for one variable and then substituting that expression into another equation.