Refer to the information provided in Figure 3.12 below to answer the question(s) that follow.
Figure 3.12Refer to Figure 3.12. The supply curve for hula hoops shifts from S1 to S0. This could be caused by
A. a decrease in the number of firms selling hula hoops.
B. a decrease in the cost of producing hula hoops.
C. a decrease in the demand for hula hoops.
D. a decrease in the price of hula hoops.
Answer: B
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