Figure 4-10

-Refer to Figure 4-10.Which of the following would cause the supply curve to shift from Supply B to Supply A in the market for tennis racquets?

Question

Figure 4-10
 
-Refer to Figure 4-10.Which of the following would cause the supply curve to shift from Supply B to Supply A in the market for tennis racquets?

Quizplus · Accepted Answer

An expectation by firms that the price of tennis racquets will increase in the very near future would cause them to hold back supply now to sell later at higher prices, shifting the supply curve from Supply B to Supply A.

Figure 4-10 -Refer to Figure 4-10.Which of the Following Would Cause the Following