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

question 25

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 D₁ and S₂ (point B) If there is an increase in number of companies producing motorcycles and a decrease in income (assume motorcycles are a normal good) , the equilibrium could move to which point?

• A)A
• B)B
• C)C

---

Definitions:

Biochemistry Test

A laboratory examination to analyze chemical reactions, substances, and functions in living organisms.

Z-score

A statistical measurement of a score's relationship to the mean in a group of scores, often used to calculate probabilities in a normal distribution.

Tchebysheff's Theorem

A theorem that provides a bound on the probability that the value of a random variable lies within a certain number of standard deviations of the mean.

Observations

Data collected or noticed during an experiment or study, typically recorded for further analysis.