Figure 4-16
-Refer to Figure 4-16. The shift from S to S' could be caused by an

Question

Figure 4-16 
-Refer to Figure 4-16. The shift from S to S' could be caused by an

Quizplus · Accepted Answer

The shift from S to S' indicates an increase in supply, which could be caused by an improvement in production technology. An increase in price (A) would cause a movement along the supply curve, not a shift. An increase in income (C) or input prices (D) would affect demand and cost, respectively, and would not directly cause a shift in the supply curve.

Figure 4-16 -Refer to Figure 4-16. the Shift from S to S