Figure 6.3 -Refer to Figure 6.3.Holding Other Variables Constant,if the Economy Is

Multiple Choice

Figure 6.3

-Refer to Figure 6.3.Holding other variables constant,if the economy is originally in equilibrium at the intersection of D₁ and S₁ and firms experience an increase in technology of production,the economy would move to the new equilibrium point represented by

A) w₁ and L₂.
B) w₃ and L₂.
C) w₂ and L₂.
D) w₂ and L₃.