(Figure: Predicting Supply Shifts) the Shift from Supply Curve 1

question 174

Multiple Choice

(Figure: Predicting Supply Shifts) The shift from supply curve 1 (S₁) to supply curve 2 (S₂) might be caused by an increase in:

• A) the prices of other goods made by firms.
• B) expected future costs of labor.
• C) resource costs.
• D) subsidies.

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