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Exhibit 3-4  Supply Curves in Exhibit 3-4, Which of the Following

Question 232

Multiple Choice

Exhibit 3-4  Supply curves Exhibit 3-4  Supply curves   In Exhibit 3-4, which of the following could have caused the shift in the supply curve from S<sub>1</sub> to S<sub>2</sub>? A)  Increase in demand. B)  Decrease in demand. C)  Decrease in the number of suppliers in the market. D)  Decrease in wage rates. E)  Increase in materials cost. In Exhibit 3-4, which of the following could have caused the shift in the supply curve from S1 to S2?


A) Increase in demand.
B) Decrease in demand.
C) Decrease in the number of suppliers in the market.
D) Decrease in wage rates.
E) Increase in materials cost.

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