Use the Figure Below to Answer the Following Question(s)

question 387

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 3-13
-Refer to Figure 3-13. The market for margarine was initially in equilibrium at point

• A) r.
• B) s.
• C) t.
• D) u.
• E) Other things constant, a decrease in the price of butter, a close substitute for margarine, would likely move the equilibrium in this market toward point

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Definitions:

Chamber of Commerce

A local association to promote and protect the interests of the business community in a particular place.

Financial Services

Industries that manage money, including banks, credit unions, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, and some government-sponsored enterprises.

Networking

The act of connecting with individuals or groups to exchange information and develop professional or social contacts.

Trade Show

An exhibition where companies in a specific industry showcase and demonstrate their new products and services.