Which of the Following Scenarios Would Explain the Change in Equilibrium

question 101

Multiple Choice

Which of the following scenarios would explain the change in equilibrium shown in the accompanying figure?

• A)an increase in an input price
• B)a decrease in the number of buyers in a market
• C)an increase in the price of a substitute good
• D)an increase in the expected future price
• E)a negative technological change

---

Definitions:

Egalitarian People

Individuals who believe in the equal rights, responsibilities, and opportunities of all people, regardless of gender, race, or socioeconomic status.

Cooperative People

Individuals who are willing to work together towards common goals or interests.

Structural Holes

Concept in social networks that refers to the gaps between different clusters or groups of individuals, which can create opportunities for information brokerage or innovation.

Disconnections

The interruptions or loss of linkages in networks, systems, or relationships.