Exhibit 3-4 Supply Curves

question 359

Multiple Choice

Exhibit 3-4 Supply curves
-In Exhibit 3-4, a shift in the supply curve from S₁ to S₂ represents a(n) :

• A) decrease in supply.
• B) decrease in the quantity supplied.
• C) increase in supply.
• D) increase in the quantity supplied.
• E) increase in demand.

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