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 motorcycles at the intersection of D₂ and S₂ (point

A) The equilibrium point will move from E to A.
B) The equilibrium point will move from E to B.
C) The equilibrium point will move from E to C.
D) The equilibrium point will remain at E.
E) .If the technology to produce motorcycles improves and the number of buyers increases,how will the equilibrium point change?