-In Figure 9-13,a Movement of Long-Run Equilibrium from Point a to Point

question 198

Multiple Choice

-In Figure 9-13,a movement of long-run equilibrium from point A to point C could be caused by a(n)

• A)decrease in supply from S₂ to S₁ in response to economic profits following a decrease in demand from D₂ to D₁
• B)increase in short-run supply from S₁ to S₂
• C)increase in supply from S₁ to S₂ in response to economic profits following an increase in demand from D₁ to D₂
• D)increase in demand from D₁ to D₂ in the short run

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