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Unformatted text preview: of moving from point E to point F? (1 points) Spring 2009 Name: ___________________ ECON 203: Principles of Microeconomics TA: ______________________ (d) What general economic principle is being illustrated by your answers to part (c) above? Explain. (2 points) (e) Can the production possibility curve shift? Explain. (1 point) 2. Explain the law of demand. What are the determinants of demand? (2 points) 3. What is the difference between a change in supply and a change in quantity supplied ? What are the causes of each? (2 points)...
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