FIGURE 23-2 Refer to Figure 23-2

Multiple Choice

FIGURE 23-2 Refer to Figure 23-2.Which of the following events could cause the upward shift of the AS curve?

A) a decrease in the price of raw materials
B) a decrease in the world supply of oil as a result of a major hurricane
C) improved quality of the national education system
D) rapid technological advances in mass production
E) an increase in consumption