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

question 45

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 supply, but no change in demand?

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

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and everyday life, including digital, mechanical, and medical advancements.

Labour Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked.

Manhole Covers

Heavy, typically circular plates that cover manholes, providing access to underground utilities while preventing accidents or unauthorized entry.

Foundry

An industrial facility where metals are melted and cast into shapes by pouring the molten metal into molds.