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Figure: Supply Shift in the Figure,the Supply Curve Shifted

question 190

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Figure: Supply Shift Figure: Supply Shift   In the figure,the supply curve shifted from S<sub>0</sub> to S<sub>1</sub>.To describe this movement,we would say that: A)  demand decreased,which caused a decrease in supply. B)  supply decreased,which caused a decrease in quantity demanded. C)  supply decreased,which caused a decrease in demand. D)  supply increased,which caused a decrease in quantity demanded. In the figure,the supply curve shifted from S0 to S1.To describe this movement,we would say that:


Definitions:

Resources

Assets, materials, and inputs used to produce goods and services, including natural resources, human resources, and capital.

Opportunity Cost

The cost of choosing one option over another, representing the value of the foregone alternative.

Marginal Cost

The financial outlay involved in producing an additional unit of a product or service.

Resources

The total means available for economic and political development, such as minerals, labor, and capital.

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