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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
What does a leftward shift of the production possibilities curve indicate?
Change in consumer preferences, resulting in a change in production possibilities.
Change in technology, leading to a change in production efficiency.
Economic growth, indicating the ability to produce more of both goods.
Economic contraction, indicating a decrease in production capacity.
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AP Microeconomics - 1.3 Production Possibilities Curve (PPC)
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Production Possibilities Curve
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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