Figure 3-H -Refer to Figure 3-H.A movement from S 1 to S 2 could occur if:

The Answer of Figure 3-H -Refer to Figure 3-H.A movement from S 1 to S 2 could occur if:

Figure 3-H -Refer to Figure 3-H.A movement from S 1 to S 2 could occur if:

The Answer of Figure 3-H -Refer to Figure 3-H.A movement from S 1 to S 2 could occur if:

Solved

Figure 3-H -Refer to Figure 3-H.A Movement from S₁ to S₂ Could

Question 12

Multiple Choice

Figure 3-H
-Refer to Figure 3-H.A movement from S₁ to S₂ could occur if:

A) there is an increase in the price of submarine sandwiches.
B) there is an increase in the price of potato chips, a complement to submarine sandwiches.
C) there is a reduction in the price of sliced beef used to make submarine sandwiches.
D) there is an increase in the price of wheat bread used to make submarine sandwiches.
E) consumer tastes change, leading many consumers to choose pizza over submarine sandwiches.

Correct Answer: