Use the Following to Answer Questions

question 220

Multiple Choice

Use the following to answer questions:
Figure: Supply Shift
-(Figure: Supply Shift) What would cause the supply curve to shift from S₁ to S₂ as shown in the diagram?

• A) an increase in taxes on firms' output
• B) an increase in the price of inputs used to produce the output
• C) a decrease in the number of firms that produce the output
• D) a decrease in the wages paid to union workers who produce the output

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