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Exhibit 19-5 -Suppose That U.S. Tastes for British Goods Increase. Then, in Increase

Question 127

Multiple Choice

Exhibit 19-5 Exhibit 19-5 -Suppose that U.S. tastes for British goods increase. Then, in Exhibit 19-5 A) the supply curve shifts from S1 to S2 B) the supply curve shifts from S2 to S1 C) the demand curve shifts from D2 to D1 D) the demand curve shifts from D1 to D2 E) both demand and supply shift to the right
-Suppose that U.S. tastes for British goods increase. Then, in Exhibit 19-5

A) the supply curve shifts from S₁ to S₂
B) the supply curve shifts from S₂ to S₁
C) the demand curve shifts from D₂ to D₁
D) the demand curve shifts from D₁ to D₂
E) both demand and supply shift to the right

Correct Answer: