Multiple Choice
Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If retailers learn that a new Star Wars movie will be released in several months, this news is likely to cause:
A) a decrease in the quantity supplied, but no change in current supply.
B) neither a change in supply nor a change in quantity supplied since only future demand will change.
C) current supply to shift to S(B) in anticipation of higher future prices.
D) current supply to shift to S(A) in anticipation of higher future prices.
Correct Answer:

Verified
Correct Answer:
Verified
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