Refer to the Accompanying Diagram

question 33

Multiple Choice

Refer to the accompanying diagram.Which of the following scenarios would explain this change in equilibrium?

• A)A number of firms left the market.
• B)A number of buyers entered the market,and a number of firms entered the market.
• C)The price of a complement of this good increased.
• D)The price of a substitute of this good increased.
• E)The price of this good decreased.

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Definitions:

Tarsal Bone

One of the seven bones that make up the ankle and back part of the foot.

Heel Bone

Also known as the calcaneus, it is the large bone forming the foundation of the rear part of the foot.

Condyle

A condyle is a round protrusion at the end of a bone that forms part of a joint, allowing movement by articulating with another bone.

Epicondyle

A rounded eminence on a bone, typically found at the end of long bones, near joints, where ligaments and tendons attach.