Graph 18-2 -Refer to Graph 18-2.If the Price of Apples Falls, Which

question 93

Multiple Choice

Graph 18-2
-Refer to Graph 18-2.If the price of apples falls, which of the following will happen?
(i) the equilibrium quantity of labour will exceed L₁
(ii) the equilibrium wage paid to apple pickers will exceed W₁
(iii) the demand curve will shift down

• A)(i) and (ii)
• B)(i) and (iii)
• C)(ii) only
• D)(iii) only

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