Transcribed Image Text:Movement from point 2 to point 1
5) The price of beer falls. As a result, Pabst sells less beer. This could be illustrated by
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D) Movement from point 2 to point 1
6) Apple juice and apple sauce are substitutes in production. How would an increase in the price of
apple juice affect the supply curve for apple juice?
A. A shift from S? to S?
B. A shift from S? to S?
C. Movement from point 1 to point 2
D. Movement from point 2 to point 1
7) Apple juice and apple sauce are substitutes in production. How would an increase in the price of
apple juice affect the supply curve for apple sauce?
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D)
Movement from point 2 to point |1
5) The price of beer falls. As a result, Pabst sells less beer. This could be illustrated by
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D) Movement from point 2 to point 1
6) Apple juice and apple sauce are substitutes in production. How would an increase in the price of
apple juice affect the supply curve for apple juice?
A. A shift from S? to S?
B. A shift from S? to S?
C. Movement from point 1 to point 2
D. Movement from point 2 to point 1
7) Apple juice and apple sauce are substitutes in production. How would an increase in the price of
apple juice affect the supply curve for apple sauce?
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D)
Movement from point 2 to point |1
Transcribed Image Text:Use the following figure to answer the next four questions
P
S?
S?
4) Suppose a new technology is invented that allows for beer to be produced at a lower marginal
cost. This could be illustrated by
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D) Movement from point 2 to point 1
P
S?
S?
4) Suppose a new technology is invented that allows for beer to be produced at a lower marginal
cost. This could be illustrated by
A) A shift from S? to S?
B) A shift from S? to S?
C) Movement from point 1 to point 2
D) Movement from point 2 to point 1
