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Figure 11.3 -Figure 11.3 Represents the Demand and Supply Conditions of an Supply

Question 91

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Figure 11.3 -Figure 11.3 represents the demand and supply conditions of an economy. The leftward shift in the supply curve could be explained by

Figure 11.3
Figure 11.3 -Figure 11.3 represents the demand and supply conditions of an economy. The leftward shift in the supply curve could be explained by A) decreases in oil supplies, like those experienced in the 1970s. B) wage reductions by union members. C) businesses reducing their profit margins. D) discoveries of natural gas. E) increased foreign demand for domestic products.
-Figure 11.3 represents the demand and supply conditions of an economy. The leftward shift in the supply curve could be explained by


A) decreases in oil supplies, like those experienced in the 1970s.
B) wage reductions by union members.
C) businesses reducing their profit margins.
D) discoveries of natural gas.
E) increased foreign demand for domestic products.

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