Refer to the Diagram, in Which S1 and D1 Represent

question 175

Multiple Choice

Refer to the diagram, in which S1 and D1 represent the original supply and demand curves and S2 and D2 the new curves. In this market the indicated shift in demand may have been caused by

• A) a decline in the number of buyers in the market.
• B) a decline in the price of a substitute good.
• C) an increase in incomes if the product is a normal good.
• D) an increase in incomes if the product is an inferior good.

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Definitions:

Fructose

A simple sugar found in honey and fruits, used by the body as a source of energy.

Dynamic Equilibrium

The condition of a chemical reaction when the rate of change in one direction is exactly the same as the rate of change in the opposite direction (i.e., the concentrations of the reactants and products are not changing), and the

Total Entropy

In thermodynamics, it refers to the measure of the total amount of disorder or randomness in a system, often relating to the system's energy dispersal and the direction of spontaneous processes.

Forward Reaction

A chemical reaction where reactants convert into products, typically described from the perspective of proceeding in the direction written in a chemical equation.