ʺShoe Industry Under Pressure Amid Rising Costsʺ

ʺShoe Industry under Pressure Amid Rising Costsʺ
Rising costs have forced about 15 per cent of shoe manufacturers in a major south China industrial centre to shut down or relocate in the past year. [the firms have] identified rising wages as a key
Factor behind the closures and relocations from Dongguan. The problems in the footwear industry
Reflect broader issues affecting manufacturers across Chinaʹs Pearl River Delta. ʺ
Using an AS/AD framework to describe the events in the story, there would be a

A) leftward shift in the SAS curve.
B) rightward shift in the AD curve.
C) leftward shift in the AD curve.
D) rightward shift in the SAS curve.