Refer to Figure 2-4. A movement from Y to Z
A) represents an increase in the demand for plastic products.
B) is the result of a decrease in preference for food products.
C) is the result of advancements in plastic production technology.
D) is the result of advancements in food production technology.
C
Economics
You might also like to view...
What are supply shocks? Explain what effect adverse and favorable supply shocks have on the supply curve
What will be an ideal response?
Economics
Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________
A) falls; rises B) falls; falls C) rises; falls D) rises; rises
Economics