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(Figure: Supply Shifts) in the Figure, the Initial Supply Curve

Question 42

Multiple Choice

(Figure: Supply Shifts) In the figure, the initial supply curve isS<sub>1</sub>. If producers form expectations that the price will be lowerin the near future, S<sub>1</sub> will: A) shift to S<sub>2</sub>. B) shift to S<sub>3</sub>. C) not shift. D) not shift, although the price of the good will decrease today. (Figure: Supply Shifts) In the figure, the initial supply curve isS1. If producers form expectations that the price will be lowerin the near future, S1 will:


A) shift to S2.
B) shift to S3.
C) not shift.
D) not shift, although the price of the good will decrease today.

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