The Figure Given Below Represents the Equilibrium in the Market

question 88

Multiple Choice

The figure given below represents the equilibrium in the market for bicycles under different demand and supply situations. The vertical axis in each panel shows the price of bikes.?Figure 3.2

-Refer to Figure 3.2. Which of the following panels represents the equilibrium situation in the bicycle market, if there were an increase in the price of metal used in the production of bicycles?

• A) Panel A
• B) Panel B
• C) Panel C
• D) Panel D
• E) Panel E

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Definitions:

Co-sleeping

The practice where parents and young children sleep in close proximity to one another, often in the same bed, to promote bonding and facilitate nighttime caregiving.

Fetal Position

A physical posture where a person is curled up, mimicking the position of a fetus in the womb, often adopted instinctively for comfort or in response to distress.

Light Sleeper

An individual who wakes up easily during sleep, typically due to minor disturbances in the environment.

Central Nervous System

Comprises the brain and spinal cord; the primary information processing center for coordinating bodily functions and responses.