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(Figure: Price and Quantity IX) What Could Have Caused the Supply

Question 46

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(Figure: Price and Quantity IX) What could have caused the supply and average variable cost curves to shift outward? (Figure: Price and Quantity IX)  What could have caused the supply and average variable cost curves to shift outward?   A)  a decrease in average fixed costs B)  a decrease in wages C)  an increase in input prices D)  an increase in rental payments or property taxes


A) a decrease in average fixed costs
B) a decrease in wages
C) an increase in input prices
D) an increase in rental payments or property taxes

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