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 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 motorcycles and decrease in the price of motorcycle insurance,a complement to motorcycles.
B) An increase in the wages of motorcycle workers and a decrease in the price of motorcycle insurance,a complement to motorcycles.
C) An increase in the number of motorcycle producers and an increase in the number of consumers who prefer riding motorcycles.
D) An increase in the wages of motorcycle workers and an increase in the price of motorcycle insurance,a complement to motorcycles.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Figure 3-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3018/.jpg" alt="Figure 3-8
Q22: If the United States lifts the embargo
Q35: By drawing a demand curve with price
Q69: Assume there is a surplus in the
Q72: If an increase in income leads to
Q73: If the demand for a product increases
Q167: If the price of pork rinds falls,the
Q188: If the price of propane-fueled gas grills
Q211: Holding everything else constant,an increase in the
Q288: Because new plastic and recycled plastic are