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Refer to the Above Graph

Question 148

Multiple Choice

Refer to the above graph.What will shift D<sub>1</sub> to D<sub>2</sub>? A) An increase in the price of a substitute input (if the output effect is greater than the substitution effect) B) An increase in the price of a substitute input (if the substitution effect is greater than the output effect) C) A decrease in the price of a substitute input (if the substitution effect is greater than the output effect) D) An increase in the price of a complementary resource Refer to the above graph.What will shift D1 to D2?


A) An increase in the price of a substitute input (if the output effect is greater than the substitution effect)
B) An increase in the price of a substitute input (if the substitution effect is greater than the output effect)
C) A decrease in the price of a substitute input (if the substitution effect is greater than the output effect)
D) An increase in the price of a complementary resource

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