Multiple Choice
Exhibit 4-13
-Refer to exhibit 4-13. An increase in the price of baby formula will cause which of the following to occur?
A) a movement from a to b on supply curve S1
B) supply shift from S2 to S1
C) a movement from d to c on supply curve S2
D) supply shift from S1 to S2
E) a movement from b to a on supply curve S1
Correct Answer:
Verified
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