-Refer to the Above Figure for a Particular Good

question 323

Multiple Choice

-Refer to the above figure for a particular good. The rightward shift of the curve could have been caused by

• A) a decrease in the price of an input.
• B) a decrease in the price of that good.
• C) an increase in the price of a complementary good.
• D) an increase in the price of a substitute good.

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Definitions:

Tori Busshi

A celebrated Japanese sculptor from the Asuka period, known for his Buddhist statues.

Ise Shrine

A Shinto shrine in Ise, Japan, dedicated to the goddess Amaterasu, that is famously rebuilt every 20 years in accordance with Shinto beliefs about death, renewal, and impermanence.

Amaterasu

The Shinto sun goddess and one of the major deities in Japanese mythology, symbolizing the universe’s life-giving forces.

Phoenix Hall

Also known as the Hoodo of Byodoin Temple in Uji, Japan, a prime example of Heian-era Pure Land Buddhist architecture, symbolizing the Paradise of the Amida Buddha.