Use the Figure Below to Answer the Following Question(s)

question 302

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 3-8

-In Figure 3-8,if the initial demand and supply for soybeans were D₁ and S₁,how would a decrease in the cost of producing soybeans affect the market for soybeans?

• A)Demand would increase to D₂,price would increase to P₂,and the quantity would increase to S.
• B)Supply would increase to S₂,price would decrease to P₀,and the quantity would increase to S.
• C)Both demand and supply would increase so the price would remain at P₁,but the quantity would increase to T.
• D)None of the above would occur.

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Criminal activities that occur in public places, often involving theft, assault, and other acts that threaten public safety.

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