-Refer to the Above Graph to Answer This Question

question 113

Multiple Choice

-Refer to the above graph to answer this question.What could cause the movement from point C to point D?

• A)A decrease in the supply.
• B)A decrease in the price.
• C)A decrease in prices of productive resources.
• D)An increase in the price of a substitute product.
• E)An increase in the price of a complementary product.

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Definitions:

Means of Production

The physical, non-human inputs like factories, machines, and tools required for the production of goods.

Karl Marx

A German philosopher, economist, and revolutionary socialist known for his works on capitalism and communism.

Friedrich Engels

A German philosopher, social scientist, and journalist, who, alongside Karl Marx, co-developed the communist theory.

Capitalistic Economic System

An economic system where trade and industry are controlled by private owners for profit, rather than by the state.