Exhibit 5-4 -Refer to Exhibit 5-4. 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

Question

Quizplus · Accepted Answer

An increase in the price of ingredients such as tomatoes and pickles would increase the cost of producing submarine sandwiches, potentially leading to a decrease in supply, which is represented by a movement from S₁ to S₃ in the exhibit.

Exhibit 5-4 ​

Exhibit 5-4