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-Refer to Exhibit 3-7

Question 24

Multiple Choice

-Refer to Exhibit 3-7.If S<sub>1</sub> is the relevant supply curve,an increase in the price of good X may cause A) the supply of good X to shift from S<sub>1</sub> to S<sub>2</sub> B) the supply of good X to shift from S<sub>1</sub> to S<sub>3</sub>. C) a movement along S<sub>1</sub> perhaps from point A to point B. D) a movement along S<sub>1</sub> perhaps from point A to point C. E) no change in the quantity supplied of good X.
-Refer to Exhibit 3-7.If S1 is the relevant supply curve,an increase in the price of good X may cause


A) the supply of good X to shift from S1 to S2
B) the supply of good X to shift from S1 to S3.
C) a movement along S1 perhaps from point A to point B.
D) a movement along S1 perhaps from point A to point C.
E) no change in the quantity supplied of good X.

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