Exhibit 3-9

-Refer to Exhibit 3-9.X is produced using input Z.If the price of Z rises,you expect a movement in the market for X from
A) E to F.
B) A to B.
C) F to E.
D) B to A.

Question

Exhibit 3-9
 
-Refer to Exhibit 3-9.X is produced using input Z.If the price of Z rises,you expect a movement in the market for X from
A) E to F. 
B) A to B. 
C) F to E. 
D) B to A.

Quizplus · Accepted Answer

According to the exhibit, an increase in price of input Z will shift the supply curve for X to the left from F to E, resulting in a movement along the demand curve from point A to point B. Therefore, the correct answer is C.

Exhibit 3-9 -Refer to Exhibit 3-9.X Is Produced Using Input Z.If the Using