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

An increase in the price of ingredients like tomatoes and pickles would increase production costs, causing a leftward shift in the supply curve from S1 to S3.

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

An increase in the price of ingredients like tomatoes and pickles would increase production costs, causing a leftward shift in the supply curve from S1 to S3.

Solved

Figure 3-H -Refer to Figure 3-H.A Movement from S₁ to S₃ Could

Question 6

Multiple Choice

Figure 3-H
-Refer to Figure 3-H.A movement from S₁ to S₃ could occur if:

A) there is a decrease in the price of submarine sandwiches.
B) there is an increase in price of ingredients such tomatoes and pickles
C) there is a decrease in price of hamburgers, a substitute to submarine sandwiches
D) the price of bread used to make submarine sandwiches decreases
E) promotions on a television program make submarine sandwiches more popular

Correct Answer: