The diagram illustrates a production possibility curve for cars and furniture. A recession leads to lower output of both cars and furniture. Which movement would show this change?
- AX to W
- BX to Y
- CZ to W
- DZ to Y
Economics 0455 · IGCSE · Production possibility curve (PPC) diagrams
The diagram illustrates a production possibility curve for cars and furniture. A recession leads to lower output of both cars and furniture. Which movement would show this change?