Figure 3-8 -Refer to Figure 3-8. the Graph in This Figure Illustrates

question 404

Multiple Choice

Figure 3-8
-Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₁ and S₂ (point B) . Which of the following changes would cause the equilibrium to change to point C?

• A) a positive change in the technology used to produce apples and decrease in the price of oranges, a substitute for apples
• B) an increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples
• C) an increase in the number of apple producers and a decrease in the number of apple trees as a result of disease
• D) a decrease in the wages of apple workers and an increase in the price of oranges, a substitute for apples

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Definitions:

Residuary Clause

A provision in a will that assigns the remainder of the deceased's estate after specific gifts have been disbursed.

Uniform Anatomical Gifts Act (UAGA)

Legislation that facilitates the donation of organs and tissues for transplantation purposes.

Bequeath

The act of leaving personal property to someone through a will.

Personal Representative

A personal representative is an individual appointed to administer the estate of a deceased person under a will or through a court process.