(Figure: Double Shift I) the Market Is Currently at Equilibrium

question 124

Multiple Choice

(Figure: Double Shift I) The market is currently at equilibrium at point
The market is currently at equilibrium at point B. Which of these represents a decrease in quantity demanded?

• A) Point A
• B) Point B
• C) Point C
• D) Point D

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Definitions:

Electrical Generator

A device that converts mechanical energy into electrical energy, typically through rotating a coil within a magnetic field.

Externality

A cost or benefit arising from an economic activity that affects third parties who did not choose to incur that cost or benefit.

Incentive

Something that motivates or encourages an individual or entity to act in a certain way.

Costs And Benefits

This is an analysis approach that compares the potential outcomes and implications, in terms of costs and benefits, of an action or decision.