A Shift in the Supply Curve of Bicycles Resulting from Higher

question 199

Multiple Choice

A shift in the supply curve of bicycles resulting from higher steel prices will lead to:

• A)higher prices of bicycles.
• B)lower prices of bicycles.
• C)a shift in the demand curve for bicycles.
• D)a larger output of bicycles.
• E)no change in the price of bicycles.

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