-Refer to Exhibit 3-9.X is produced using input Z.If the price of Z rises,an economist would expect a movement in the market for X from
A) E to F.
B) A to B.
C) F to E.
D) B to A.

Question

-Refer to Exhibit 3-9.X is produced using input Z.If the price of Z rises,an economist would expect a movement in the market for X from
A) E to F. 
B) A to B. 
C) F to E. 
D) B to A.

Quizplus · Accepted Answer

When the price of an input (like Z) rises, the cost of production for product X increases. This typically leads to a decrease in supply, as producers are less willing or able to produce the same quantity at the previous cost. This decrease in supply is represented by a movement up and to the left on the supply curve, which corresponds to a movement from point F to point E.