A Decrease in the Price of a Nonlabor Input Such

question 200

Multiple Choice

A decrease in the price of a nonlabor input such as electricity will cause

• A) a movement down the SRAS curve.
• B) a movement up the SRAS curve.
• C) a leftward shift in the SRAS curve.
• D) a rightward shift in the SRAS curve.
• E) no change regarding the SRAS curve.

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