Exhibit 5-4 -Refer to Exhibit 5-4. A movement from S₁ to S₂ could occur if: A)there is an increase in the price of submarine sandwiches. B)there is an increase in the price of potato chips, a complement to submarine sandwiches. C)there is a reduction in the price of sliced beef used to make submarine sandwiches. D)there is an increase in the price of wheat bread used to make submarine sandwiches.

Question

Quizplus · Accepted Answer

A movement from S₁ to S₂ suggests an increase in the supply of submarine sandwiches. This could occur if there is a reduction in the cost of inputs, such as sliced beef, making it cheaper to produce submarine sandwiches.

Exhibit 5-4 ​

Exhibit 5-4