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Figure 3-7 A graph depicting the market for Good X shows Quantity on the horizontal axis and Price on the vertical axis. Three upward-sloping supply
Figure 3-7 A graph depicting the market for Good X shows Quantity on the horizontal axis and Price on the vertical axis. Three upward-sloping supply curves, S sub 1, S sub 2, and S sub 3, are plotted on the graph. S sub 2 lies to the right of S sub 1 and S sub 3 lies to the left of S sub 1. There are three points noted on the graph, all three points lie on S sub 1. Point A lies in the middle of S sub 1, point C lies up and to the right of point A, and point B lies down and to the left of point A. Refer to Figure 3-7. If S1 is the relevant supply curve, an increase in the price of good X may cause Group of answer choices the supply of good X to shift from S1 to S2 the supply of good X to shift from S1 to S3. a movement along S1 perhaps from point A to point B. a movement along S1 perhaps from point A to point C
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