Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.12 below to answer the question(s) that follow. Figure 3.12
-Refer to Figure 3.12. The supply curve for hula hoops shifts from S_{1 to} S₀. This could be caused by

A) a decrease in the price of hula hoops.
B) a decrease in the number of firms selling hula hoops.
C) a decrease in the demand for hula hoops.
D) a decrease in the cost of producing hula hoops.