Refer to the Graph Showing the Supply of Books

question 31

Multiple Choice

Refer to the graph showing the supply of books. A shift from S1 to S0 would most likely occur for what reason?

• A) An increase in the number of suppliers in the market
• B) A decrease in taxes levied on producers of books
• C) An increase in the price of books
• D) An increase in the cost of producing books

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Definitions:

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