Figure 35 Alt Text for Figure 3

Multiple Choice

Figure 3.5 Alt text for Figure 3.5a: In figure 3.5a, a graph of intersecting supply and demand curves representing the markets for original Picasso paintings and designer jeans.
Long description for Figure 3.5a: The x-axis is labelled, Quantity, and the y-axis is labelled, Price.Curve Supply is a straight line which slopes up from the bottom left corner to the top right corner.Curve Demand is a straight line which slopes down from the top left corner to the bottom right corner.The 2 curves intersect at their respective midpoints.
Alt text for Figure 3.5b: In figure 3.5b, a graph of intersecting supply and demand curves represents one of the two markets for original Picasso paintings and designer jeans.
Long description for Figure 3.5b: The x-axis is labelled, Quantity, and the y-axis is labelled, Price.Curve Demand is a straight line which slopes down from the top left corner to the bottom right corner.Curve Supply is a straight, vertical line beginning from approximate midpoint of the x axis.The 2 curves intersect at their respective midpoints.
-Refer to Figure 3.5.The figure above shows the supply and demand curves for two markets: the market for original Picasso paintings and the market for designer jeans.Which graph most likely represents which market?

A) Graph B represents the market for original Picasso paintings and Graph A represents the market for designer jeans.
B) Graph A represents the market for original Picasso paintings and Graph B represents the market for designer jeans.
C) Graph A represents both the market for original Picasso paintings and designer jeans.
D) Graph B represents both the market for original Picasso paintings and designer jeans.