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Question 166

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Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply Use the following to answer questions . Exhibit: Simultaneous Shifts in Demand and Supply -(Exhibit: Simultaneous Shifts in Demand and Supply) D<sub>1</sub> and S<sub>1</sub> are original supply and demand curves, and S<sub>2</sub> and D<sub>2</sub> are new curves. In this market, the change in supply may have resulted from: A) wage increases for the workers. B) an improvement in technology. C) a decrease in the number of sellers. D) all of the above.
-(Exhibit: Simultaneous Shifts in Demand and Supply) D1 and S1 are original supply and demand curves, and S2 and D2 are new curves. In this market, the change in supply may have resulted from:


A) wage increases for the workers.
B) an improvement in technology.
C) a decrease in the number of sellers.
D) all of the above.

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