-Refer to the Graph Above to Answer This Question

question 131

Multiple Choice

-Refer to the graph above to answer this question.All of the following except one could have caused the shift from S1 to S2.Which is the exception?

• A)A decrease in income.
• B)An increase in the sales tax.
• C)An increase in the price of a substitute in production.
• D)A decrease in the number of suppliers.

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Definitions:

Zinnias

Brightly colored flowers, belonging to the sunflower tribe within the daisy family, known for their long-lasting blooms and variety in size and color.

Utility Function

An economic model that maps an individual's preference rankings for various bundles of goods onto a set of numerical values.

Price

The financial value anticipated, necessitated, or offered in return for a service or good.

Income

Money received on a regular basis from work, property, business, investment, or welfare.