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

question 3

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 an increase in quantity supplied but no change in supply?

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

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Definitions:

Sold Abroad

A term referring to goods or services that are exported to another country.

Goods and Services

Tangible products that satisfy human wants (goods) and intangible activities or benefits that are offered (services).

Exports

Goods and services sold to other countries.

World Production

The total output of goods and services produced by all countries around the globe.