The Following Question Are Based on the Following Diagram

question 66

Multiple Choice

The following question are based on the following diagram:

-In the diagram,movement toward equilibrium would cause the

• A) supply curve to shift to the right and the demand curve to shift to the left.
• B) actual price to fall below $10 and the quantity supplied and demanded to fall.
• C) actual price to remain the same but the supply to drift to the left as producers cut down on production.
• D) actual price to rise above $10 and the quantity demanded to fall.
• E) actual price to fall below $10, the quantity supplied to fall, and the quantity demanded to rise.

---

Definitions:

Purchase of Light Bulbs

The act of acquiring light bulbs through buying, which involves selecting the desired type, wattage, and technology (like LED, incandescent).

Four-Ply Construction

A method of constructing materials or items with four layers, often used for added durability or insulation.

Breach

The act of breaking or failing to observe a law, agreement, or code of conduct.

Buyer's Damages

Legal compensation sought by a purchaser when a seller fails to fulfill the terms of a contract, such as defects in goods or delays in delivery.