Limited access

Upgrade to access all content for this subject

Suppose an economy only produced two goods $-$ fertilizer or bottled water $-$ and a new unknown water source was located. Suppose also that water is not used in the production of the fertilizer. Reflecting this change on the production possibilities curve would mean

A

an entire production possibilities curve shift to the right.

B

an entire production possibilities curve shift to the left.

C

the production possibilities curve stays where it is, just the point of production would change.

D

a shift in only one end of the curve since fertilizer production capabilities didn't change.

E

that this is not a feasible or realistic situation.

Select an assignment template