Refer to the Information Provided in Figure 3

Multiple Choice

Refer to the information provided in Figure 3.16 below to answer the questions that follow. Figure 3.16
-Refer to Figure 3.16. The supply curve for hula hoops shifts from S0 to S1. This could be caused by

A) an decrease in the price of hula hoops.
B) a decrease in the number of firms selling hula hoops.
C) a decrease in the demand for hula hoops.
D) either B or C.