Exhibit 4.5 shows the supply curves of a non-durable good.A shift from the supply curve S to S' could be caused by _____ Exhibit 4.5
A) a decrease in consumer income.
B) an increase in the current price of the product.
C) a patent application that restricts the use of a particular production technology.
D) several competing producers going out of business.
E) an expectation of a higher product price in the future among suppliers.
Correct Answer:
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