FIGURE 13- 4 The three diagrams below each show a supply curve for oil tankers over a relatively short period of time.

-Refer to Figure 13- 4.Consider oil tankers as a factor of production (for example,for the production of gasoline).Which diagram shows the most mobility of this factor of production?
A)diagram 1
B)diagram 2
C)diagram 3
D)none of the diagrams
E)each diagram shows mobility

Question

FIGURE 13- 4 The three diagrams below each show a supply curve for oil tankers over a relatively short period of time.
 
-Refer to Figure 13- 4.Consider oil tankers as a factor of production (for example,for the production of gasoline).Which diagram shows the most mobility of this factor of production?
A)diagram 1 
B)diagram 2 
C)diagram 3 
D)none of the diagrams 
E)each diagram shows mobility

Quizplus · Accepted Answer

Diagram 1 shows the most mobility of oil tankers as a factor of production because it shows that oil tankers can move freely between different locations.

FIGURE 13- 4 the Three Diagrams Below Each Show a Supply