Multiple Choice
Use the figure below to answer the following questions. Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beans.If the price of peas,a substitute for beans in production,rises,what is the new beans equilibrium,ceteris paribus?
A) 8
B) 3
C) 9
D) 5
E) 6
Correct Answer:

Verified
Correct Answer:
Verified
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