Resource X is necessary in the production of good Y. If the price of resource X decreases A) the supply curve of Y shifts leftward. В the supply curve of Y shifts rightward. C) the supply curve of Y is unaffected. there is a movement down along the supply curve of Y. there is a movement up along the supply E curve of Y.

Resource X is necessary in the production of good Y. If the price of resource X decreases A) the supply curve of Y shifts leftward. В the supply curve of Y shifts rightward. C) the supply curve of Y is unaffected. there is a movement down along the supply curve of Y. there is a movement up along the supply E curve of Y.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter3: Demand, Supply, And The Market Process

Section: Chapter Questions

Problem 5CQ

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