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Resource X Is Necessary to the Production of Good Y

Question 147

Multiple Choice

Resource X is necessary to the production of good Y.If the price of resource X rises,


A) the supply curve of Y shifts leftward.
B) the supply curve of Y shifts rightward.
C) the supply curve of Y is unaffected.
D) there is a movement down the supply curve of Y.
E) there is a movement up the supply curve of Y.

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