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Question 166

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Use the following to answer questions:
Figure: Supply Shift Use the following to answer questions: Figure: Supply Shift   -(Figure: Supply Shift)  What would cause the supply curve to shift from S<sub>2</sub> to S<sub>1</sub> as shown in the diagram? A)  a decrease in the opportunity costs of producing the good B)  a decrease in the costs of production C)  an increase in the prices of inputs used in production D)  an expected decrease in the future price of the good
-(Figure: Supply Shift) What would cause the supply curve to shift from S2 to S1 as shown in the diagram?


A) a decrease in the opportunity costs of producing the good
B) a decrease in the costs of production
C) an increase in the prices of inputs used in production
D) an expected decrease in the future price of the good

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