Question
In linked diagram #2Links to an external site. ,the shift from curve 1 to curve 2 can be caused by which of the following changes?
In linked diagram #2Links to an external site.,the shift from curve 1 to curve 2 can be caused by which of the following changes?
(i) A decrease in the cost of labor used to make the product represented in the diagram.
(ii) An increase in how much consumers like the product represented in the diagram.
(iii) A decrease in the price of the product represented in the diagram.
(iv) An improvement in the technology used to make the product represented in the diagram.
Group of answer choices
(iii).
(i) and (iii).
All of the above.
(i).
(ii) and (iii).
(i) and (iv).
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