-Refer to the Graph Above to Answer This Question

question 154

Multiple Choice

-Refer to the graph above to answer this question.What is the effect if the price is $1,000.

• A)There is neither a shortage nor a surplus.
• B)Price will rise.
• C)Price will fall.
• D)The quantity traded is 100.

---

Definitions:

Vertical Axis

In a graph or chart, the y-axis that typically represents the dependent variable or the value being measured.

Entire Budget

The total amount of financial resources available or allocated for a specific purpose, project, or period.

Price Of Peaches

The amount of money required to purchase a specific quantity of peaches in the market.

Price Of Pineapples

The amount of money required to purchase a single unit or specified amount of pineapples.