1. A decrease in supply is depicted by a A. movement from point x topoint y ....
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Question:
1. A decrease in supply is depicted by a
A. movement from point x topoint y.
B. shift from S2 to S1.
C. shift from S1 to S2.
D. movement from point y topoint x.
2. Using the same graph above, an increase in quantity suppliedis depicted by a
A. shift from S2 to S1.
B. shift from S1 to S2.
C. move from point y topoint x.
D. move from point x topoint y.
3. Using the same graph above, a movement along the supplyschedule from point x topoint y depicts
A. a decrease in supply.
B. an increase in supply.
C. an increase in quantity supplied.
D. a decrease in quantity supplied.
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