Figure 3.8 -Refer to Figure 3.8. the Graph in This Figure Illustrates

Multiple Choice

Figure 3.8

-Refer to Figure 3.8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₂ and S₁ (point C) . Which of the following changes would cause the equilibrium to change to point B?

A) A positive change in the technology used to produce apples and a decrease in the price of oranges, a substitute for apples.
B) An increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples.
C) An increase in the number of apple producers and a decrease in the number of apple trees as a result of disease.
D) A decrease in the wages of apple workers and an increase in the price of oranges, a substitute for apples.