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Figure 3-8 -Refer to Figure 3-8.The Graph in This Figure Illustrates an Figure

Question 65

Multiple Choice

Figure 3-8 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 S2 (point A) a positive change in the technology used to produce apples and decrease in the price of oranges,a substitute for apples B) an increase in the wages of apple workers and a decrease 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 E) .Which of the following changes would cause the equilibrium to change to point A?
-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 S2 (point


A) a positive change in the technology used to produce apples and decrease in the price of oranges,a substitute for apples
B) an increase in the wages of apple workers and a decrease 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
E) .Which of the following changes would cause the equilibrium to change to point A?

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