Refer to the information provided in Figure 3.14 below to answer the following questions.
Figure 3.14
-Refer to Figure 3.14.A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve S₂ to

Question

Refer to the information provided in Figure 3.14 below to answer the following questions.

Figure 3.14
-Refer to Figure 3.14.A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve S₂ to

Quizplus · Accepted Answer

A decrease in the wage rate of pizza makers will make it less expensive for pizza restaurants to produce pizzas, which will lead to an increase in the quantity of pizzas supplied at each price level. This will shift the supply curve to the right, from S₂ to S₃.

Refer to the Information Provided in Figure 3