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July 2, 2015

Homework Help: economy

Posted by Anonymous on Sunday, August 23, 2009 at 5:11am.

Question 10 (1.00 points)



Reference: F11061


Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, a decrease in resource prices is depicted by:


a. panel (A) only.

b. panel (B) only.

c. panel (C) only

d. panels (B) and (C).

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