Use the Figure Below to Answer the Following Questions

question 74

Multiple Choice

Use the figure below to answer the following questions. Figure 15.3.2
-Refer to Figure 15.3.2.The figure shows the market for good B.How many units of good B are produced and consumed in an unregulated market?

• A)0 units
• B)3 units
• C)5 units
• D)6 units
• E)9 units

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Definitions:

Production Possibilities

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology, etc.).