Multiple Choice
Figure 3-5
-In Figure 3-5,suppose a change takes place and as a result a new equilibrium occurs at point B.The change could have been caused by
A) a reduction in the wages paid to workers in the CD industry.
B) a decrease in the incomes of consumers.
C) an increase in the tax on CDs.
D) an increase in demand for CDs.
Correct Answer:

Verified
Correct Answer:
Verified
Q116: The cause-and-effect relationship between quantity supplied and
Q117: An expected increase in the price of
Q118: After a fall in the price of
Q119: Suppose that the price of corn was
Q120: In economic terminology,a normal good is a
Q122: If X and Y are substitute goods,then
Q123: Which of the following will NOT affect
Q124: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-4
Q125: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-1
Q126: The money price of a good (in