Figure 4.5 shows the supply curves of a durable good. A shift from the supply curve S to S' could be caused by a(n) :
A) decrease in consumer income.
B) increase in the current price of the product.
C) patent application that restricts the use of a particular production technology.
D) several competing producers going out of business.
E) expectation of a higher product price in the future among suppliers.
Correct Answer:
Verified
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