Exhibit 5-2 Price E O 4 $ S .D₂ Quantity of Submarine Sandwiches 52 Refer to Exhibit 5-2. A movement from D₁ to D2 could occur if: there is a decrease in the income of consumers and submarine sandwiches are inferior goods. there is an increase in the income of consumers and submarine sandwiches are inferior goods. the wages of submarine sandwich makers decrease. the price of bread, used to make submarine sandwiches, increases.

Exhibit 5-2 Price E O 4 $ S .D₂ Quantity of Submarine Sandwiches 52 Refer to Exhibit 5-2. A movement from D₁ to D2 could occur if: there is a decrease in the income of consumers and submarine sandwiches are inferior goods. there is an increase in the income of consumers and submarine sandwiches are inferior goods. the wages of submarine sandwich makers decrease. the price of bread, used to make submarine sandwiches, increases.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter12: Labor Markets And Labor Unions

Section: Chapter Questions

Problem 12QFR

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