Pitch (A Sticky Black Substance Made from Petroleum) Is a Key

Multiple Choice

Pitch (a sticky black substance made from petroleum) is a key input in the production of clay targets. If the price of pitch falls, clay target manufacturers will encounter an _____ shift of their marginal cost curve and an_____ shift of their average variable cost.

A) inward; inward
B) outward; outward
C) inward; outward
D) outward; inward