-(Exhibit: Markets and Efficiency) in Panel (B) Demand Shifted from D₁

question 78

Multiple Choice

-(Exhibit: Markets and Efficiency) In Panel (b) demand shifted from D₁ to D₂, reflecting a change in consumer preferences. The price of apples will change to the new equilibrium price:

• A) where the marginal benefit of apples is again equal to the marginal cost.
• B) of $0.70.
• C) where an efficient solution is again achieved.
• D) that is described by all of the above.

---

Definitions:

Welfare Capitalism

An economic system in which businesses provide social welfare services to their employees in addition to wages and benefits.

Worker Loyalty

The allegiance and commitment an employee has towards their employer or company, often associated with job satisfaction and organizational citizenship.

Supervisory Practices

Methods and strategies used by supervisors to manage and oversee their employees effectively.

Labor Reform

Changes and improvements made to labor laws and regulations aimed at enhancing worker rights and ensuring fair labor practices.