Figure 3-8 -Refer to Figure 3-8.The Graph in This Figure Illustrates an This

question 54

Multiple Choice

Figure 3-8

-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D₂ and S₁ (point C) Which of the following changes would cause the equilibrium to change to point B?

• A)A positive change in the technology used to produce motorcycles and decrease in the price of motorcycle insurance, a complement to motorcycles.
• B)An increase in the wages of motorcycle workers and a decrease in the price of motorcycle insurance, a complement to motorcycles.
• C)An increase in the number of motorcycle producers and an increase in the number of consumers who prefer riding motorcycles.
• D)An increase in the wages of motorcycle workers and an increase in the price of motorcycle insurance, a complement to motorcycles.

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Definitions:

HomeGroup Features

A feature in some Windows operating systems that allows for the easy sharing of files and printers within a home network.

Network Resources

Various assets available over a network, such as printers, files, data, or applications, that can be shared among devices connected to the network.

Small Business

An independently owned and operated company that is limited in size and revenue according to the industry and country in which it operates.

Router

A networking device that forwards data packets between computer networks, providing an interface between local networks and the internet.