FIGURE 3-2
-Refer to Figure 3-2.A shift of the supply curve for energy-efficient light bulbs from S to S² could be caused by

Question

FIGURE 3-2 -Refer to Figure 3-2.A shift of the supply curve for energy-efficient light bulbs from S to S² could be caused by

Quizplus · Accepted Answer

The shift of the supply curve to the left from S to S² indicates a decrease in the quantity supplied at each price level. This can be caused by an increase in the cost of production, such as the elimination of government subsidies to suppliers of energy-efficient light bulbs. Option A and B would affect the demand for energy-efficient light bulbs but not the supply curve. Option C and E would affect the demand for energy-efficient light bulbs and not the supply curve.

FIGURE 3-2 -Refer to Figure 3-2.A Shift of the Supply Curve for Curve