-The Above Figure Shows the Market for Bicycles

question 245

Multiple Choice

-The above figure shows the market for bicycles. When there is a physical fitness craze so that everyone wants to exercise the

• A) demand curve for bicycles shifts from D₂ to D₁.
• B) supply curve of bicycles shifts from S₁ to S₂.
• C) demand curve and the supply curve of bicycles do not shift.
• D) demand curve for bicycles shifts from D₁ to D₂.

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Definitions:

Type T Person

Individuals who have a high tolerance for risk and a penchant for thrill-seeking and adventure.

Bungee Jumping

An extreme sport involving jumping from a high structure while connected to a large elastic cord, experiencing free-falling and a rebound.

Type A Personality

A personality type characterized by competitiveness, impatience, aggression, and a chronic sense of urgency, often linked to stress and heart disease.

Type B Personality

Characterized by a less competitive, more relaxed, and less stress-prone behavior pattern compared to Type A personality.