Exhibit 5-4 -Refer to Exhibit 5-4. A movement from S 1 to S 2 could occur if:

A movement from S 1 to S 2 suggests an increase in the supply of submarine sandwiches. This could occur if there is a reduction in the cost of inputs, such as sliced beef, making it cheaper to produce submarine sandwiches.

Exhibit 5-4 -Refer to Exhibit 5-4. A movement from S 1 to S 2 could occur if:

A movement from S 1 to S 2 suggests an increase in the supply of submarine sandwiches. This could occur if there is a reduction in the cost of inputs, such as sliced beef, making it cheaper to produce submarine sandwiches.

Solved

Exhibit 5-4

Question 64

Multiple Choice

Exhibit 5-4

-Refer to Exhibit 5-4. 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.

Correct Answer: