Resource X is necessary in the production of good Y. If the price of resource X decreases A) the supply curve of Y shifts leftward. В the supply curve of Y shifts rightward. C) the supply curve of Y is unaffected. there is a movement down along the supply curve of Y. there is a movement up along the supply E curve of Y.

Resource X is necessary in the production of good Y. If the price of resource X decreases A) the supply curve of Y shifts leftward. В the supply curve of Y shifts rightward. C) the supply curve of Y is unaffected. there is a movement down along the supply curve of Y. there is a movement up along the supply E curve of Y.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 1P

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