Refer to the figure below. A decrease in supply is represented by a shift from: 
A. curve D to curve C.
B. curve A to curve B.
C. curve C to curve D.
D. curve B to curve A.
Answer: D
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In the short run, when production goes up what typically happens to total variable costs?
What will be an ideal response?
An example of a poverty trap is:
A. the malnourished not having enough energy to develop their economy. B. the uneducated leaving the home country for more opportunities. C. those not having basic immunizations dying more from rare diseases. D. All of these are examples of poverty traps.
Explain why economists believe that an individual who commits a crime does so acting in his/her own self-interest
Braden says that $400 saved for one year at 4 percent interest has a smaller future value than $400 saved for two years at 2 percent interest. Lefty says that the present value of $400 to be received one year from today if the interest rate is 4 percent exceeds the present value of $400 to be received two years from today if the interest rate is 2 percent
a. Braden and Lefty are both correct. b. Braden and Lefty are both incorrect. c. Only Braden is correct. d. Only Lefty is correct.