In a graphic relationship, shifts in a curve are caused by a change in:
a. the slope of the curve.
b. a factor not measured on the axes of the graph.
c. one of the factors measured on either axes of the graph.
d. any factor, whether measured on the axes of the graph of not.
b
Economics
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In the above figure, an increase in cost of the cheese used to produce pizza
A) shifts the supply curve from S to S1. B) shifts the supply curve from S to S2. C) results in a movement from point a to point b. D) results in a movement from point b to point a. E) has no effect.
Economics
In situations where new technologies are considered complementary to workers, demand for these workers will ________, resulting in ________ in the equilibrium wage
A) decrease; a decrease B) increase; a decrease C) increase; an increase D) decrease; an increase
Economics