-The change reflected in the above figure might be a result of
A)a decrease in the quantity of capital.
B)an increase in the quantity of labor.
C)a rise in the money wage rate.
D)a decrease in the money prices of resources other than labor.
E)a fall in the price level.

Question

-The change reflected in the above figure might be a result of
A)a decrease in the quantity of capital. 
B)an increase in the quantity of labor. 
C)a rise in the money wage rate. 
D)a decrease in the money prices of resources other than labor. 
E)a fall in the price level.

Quizplus · Accepted Answer

A rise in the money wage rate increases production costs, which can shift the supply curve, reflecting a change in the figure.

-The Change Reflected in the Above Figure Might Be a Result