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    Economics Principles and Policy Study Set 2
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    Exam 4: Supply and Demand: an Initial Look
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    -Assume That Figure 4-16 Shows the Supply of New Houses
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-Assume That Figure 4-16 Shows the Supply of New Houses

Question 106

Question 106

Multiple Choice

  -Assume that Figure 4-16 shows the supply of new houses.An improvement in the technology for building houses will shift supply from A) S<sub>1</sub> to S<sub>2</sub>. B) S<sub>2</sub> to S<sub>1</sub>. C) S<sub>3</sub> to S<sub>2</sub>. D) S<sub>3</sub> to S<sub>1</sub>.
-Assume that Figure 4-16 shows the supply of new houses.An improvement in the technology for building houses will shift supply from


A) S1 to S2.
B) S2 to S1.
C) S3 to S2.
D) S3 to S1.

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