Suppose There Is a Decrease in the Availability of an Important

question 171

Multiple Choice

Suppose there is a decrease in the availability of an important major resource, such as oil. Which of the following shifts would most likely occur?

• A)The aggregate supply would shift right.
• B)The aggregate supply would shift left.
• C)The aggregate demand would shift right.
• D)The aggregate demand would shift left.

---

Definitions:

Personal Information

Data or details that identify an individual, such as name, address, email, or phone number.

Detailed

Characterized by the inclusion of many specific features or elements.

Résumé

A document presenting a person's background, skills, and accomplishments, typically used for job applications.

Induce

To lead or move by persuasion or influence, as to some action or state of mind.