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In 2008, the Average Big Mac Costs $2

Question 57

Multiple Choice

In 2008, the average Big Mac costs $2.87. Energy costs account for 54 cents of the total cost (Wired magazine, November 2008) . When the price of energy soared in 2008,


A) the supply curve for Big Macs shifted rightward.
B) there was a decrease in the quantity supplied of Big Macs.
C) the supply curve for Big Macs shifted leftward.
D) there was a movement up along the Big Mac supply curve.

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