FIGURE 3-6
-Refer to Figure 3-6. A shift in the supply curve from S2 to S1 might be caused by

Question

Quizplus · Accepted Answer

A shift in the supply curve typically occurs due to a change in the cost of production, such as an increase in input prices or taxes. Choices B and C would result in a shift in the demand curve, while D would lead to an increase in supply and a shift of the curve to the right. E would also lead to an increase in supply and a shift of the curve to the right.

FIGURE 3-6 -Refer to Figure 3-6. a Shift in the Supply Curve