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Figure 4.5 -Figure 4.5 Illustrates the Supply of Guitars. If Firms Expect

Question 144

Multiple Choice

  Figure 4.5 -Figure 4.5 illustrates the supply of guitars. If firms expect the price of guitars to go up after Christmas, then before Christmas this would most likely cause a movement from: A)  point B to point A. B)  S<sub>1 </sub>to S<sub>2</sub>. C)  S<sub>1</sub><sub> </sub>to S<sub>0</sub>. D)  point B to point C. Figure 4.5
-Figure 4.5 illustrates the supply of guitars. If firms expect the price of guitars to go up after Christmas, then before Christmas this would most likely cause a movement from:


A) point B to point A.
B) S1 to S2.
C) S1 to S0.
D) point B to point C.

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