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Exhibit 4-15 Refer to Exhibit 4-15

Question 228

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Exhibit 4-15 Exhibit 4-15 Refer to exhibit 4-15.An increase in the number of firms producing baby formula will cause which of the following to happen? A) a movement from a to b along supply curve S<sub>1</sub> B) supply shift from S<sub>1</sub> to S<sub>2</sub> C) movement from c to d along supply curve S<sub>2</sub> D) supply shift from S<sub>2</sub> to S<sub>1</sub> E) movement from d to c along supply curve S<sub>2</sub> Refer to exhibit 4-15.An increase in the number of firms producing baby formula will cause which of the following to happen?


A) a movement from a to b along supply curve S1
B) supply shift from S1 to S2
C) movement from c to d along supply curve S2
D) supply shift from S2 to S1
E) movement from d to c along supply curve S2

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