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Exhibit 4-12 Refer to Exhibit 4-12

Question 53

Multiple Choice

Exhibit 4-12 Exhibit 4-12 Refer to Exhibit 4-12.A shift from supply curve S to supply curve S' could be caused by a(n) A) decrease in consumer income B) increase in the current price of the product C) patent application that restricts the use of a particular production technology D) several competing producers going out of business E) supplier expecting higher product prices in the future Refer to Exhibit 4-12.A shift from supply curve S to supply curve S' could be caused by a(n)


A) decrease in consumer income
B) increase in the current price of the product
C) patent application that restricts the use of a particular production technology
D) several competing producers going out of business
E) supplier expecting higher product prices in the future

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