The Figure Given Below Represents the Demand and Supply Conditions

question 86

Multiple Choice

The figure given below represents the demand and supply conditions of an economy. Figure 7.3 Refer to Figure 7.3.Which of the following explains the shift in supply curve from S₁ to S₂?

• A)decreases in oil supplies as experienced in the 1970s.
• B)wage concessions by union members.
• C)businesses reducing their profit margins.
• D)discoveries of natural gas.
• E)increased foreign demand for domestic products.

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The act of achieving one's full talents and capabilities, regarded as an essential desire or requirement in every person.

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The quality of being self-assured and confident without being aggressive, in a way that respects others' rights and perspectives.

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The ability to remain calm and stable under pressure or during challenging situations.

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The state or quality of being self-reliant and autonomous in thoughts and actions.