FIGURE 13- 3The Demand and Supply Curves Shown Below Apply

question 32

Multiple Choice

FIGURE 13- 3The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets.

-Refer to Figure 13- 3.This factor market is initially in equilibrium at point B,but changes occur that cause the equilibrium to shift to point D (S curve shifts left) .At the new equilibrium,total factor earnings compared to the initial equilibrium.

• A)decreased by $30
• B)increased by $30
• C)remained the same
• D)increased by $330
• E)increased by $10

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A rhythmic unit in music and poetry, or the sound made by a clock or other rhythmic device.

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The condition of being steady and unchanging, often referring to emotional or structural consistency.