Refer to the graph. Other things equal, an increase in the price of substitute resource would cause a:
A. shift from D 2 to D 3 assuming the substitution effect exceeds the output effect.
B. move from a to b on D 1 .
C. move from b to a on D 1 .
D. shift from D 3 to D 2 assuming the substitution effect exceeds the output effect.
A. shift from D 2 to D 3 assuming the substitution effect exceeds the output effect.
Economics
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Briefly describe the three most widely followed stock indexes in the United States
What will be an ideal response?
Economics
Regulation of a natural monopoly that forces it to price and produce as if it were a competitive firm results in
A) the market being instantly competitive. B) higher profits for the monopoly. C) economic losses for the monopoly. D) a highly unstable marketplace.
Economics