Figure 3-11 In Figure 3-11, Suppose D ₁ and S ₁ Indicate

question 160

Multiple Choice

Figure 3-11
In Figure 3-11, suppose D ₁ and S ₁ indicate initial conditions in the market for kitchen cabinets. Which of the following would tend to cause the supply curve to shift from S ₁ to S ₂?

• A) the invention of "folding" plates and cups that take up substantially less storage space in the kitchen
• B) a decrease in consumer income
• C) a decrease in the price of wood, a resource used to produce kitchen cabinets
• D) an increase in the price of steel hinges, a resource used to produce kitchen cabinets

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Definitions:

Cyclothymic Disorder

A chronic mood disorder involving numerous periods of depressive and hypomanic symptoms, but not full-blown depressive or manic episodes.

Defining Feature

A characteristic or quality that is critical or essential in identifying and distinguishing a particular condition or entity.

Bipolar I

A subtype of Bipolar Disorder, marked by periods of manic episodes, potentially interspersed with episodes of depression.

Bipolar II Disorders

A bipolar disorder subtype characterized by patterns of depressive episodes shifting back and forth with hypomanic episodes, but not the full-blown manic episodes of Bipolar I.