Figure 3.8 -Refer to Figure 3.8.The Graph in This Figure Illustrates an Figure

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