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The Following Figure Shows the Market for Grapefruit (In Kilos)

Question 160

Multiple Choice

The following figure shows the market for grapefruit (in kilos) :
The following figure shows the market for grapefruit (in kilos) : -Refer to the diagram above to answer this question.If buyers think that the price of grapefruits is going to rise,causing the demand to change by 6 kilos,what will be the new equilibrium price and quantity? A) $2.50 and 28 kilos B) $2.75 and 26 kilos C) $2.50 and 26 kilos D) $3.00 and 36 kilos
-Refer to the diagram above to answer this question.If buyers think that the price of grapefruits is going to rise,causing the demand to change by 6 kilos,what will be the new equilibrium price and quantity?


A) $2.50 and 28 kilos
B) $2.75 and 26 kilos
C) $2.50 and 26 kilos
D) $3.00 and 36 kilos

Correct Answer:

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