Solved

(Figure: Shift in Supply 2) Use the Figure to Answer

Question 47

Multiple Choice

(Figure: Shift in Supply 2) Use the figure to answer the question.
Which of the following market changes would lead to a shift of the supply curve from Old supply to New supply?
(Figure: Shift in Supply 2)  Use the figure to answer the question. Which of the following market changes would lead to a shift of the supply curve from Old supply to New supply?    A) A rise in the price of a product that is a substitute-in-production. B) A fall in the price of a product that is a substitute-in-production. C) An increase in the price of a product that is a complement-in-production. D) An increase in production efficiency.


A) A rise in the price of a product that is a substitute-in-production.
B) A fall in the price of a product that is a substitute-in-production.
C) An increase in the price of a product that is a complement-in-production.
D) An increase in production efficiency.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents