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Use the Figure Below to Answer the Following Questions

Question 104

Multiple Choice

Use the figure below to answer the following questions. 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,rises,and the cost of producing beans decreases,what is the new beans equilibrium,ceteris paribus? A) 2 B) 3 C) 9 D) 4 E) 7 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,rises,and the cost of producing beans decreases,what is the new beans equilibrium,ceteris paribus?


A) 2
B) 3
C) 9
D) 4
E) 7

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