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

question 191

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Figure 3-8
Figure 3-8    -Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D₁ and S₂ (point B) . If there is an decrease in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks, how will the equilibrium point change? A) The equilibrium point will move from B to A. B) The equilibrium point will move from B to C. C) There will be no change in the equilibrium point. D) The equilibrium point will move from B to E.
-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D₁ and S₂ (point B) . If there is an decrease in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks, how will the equilibrium point change?

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Definitions:

David Hume

A Scottish Enlightenment philosopher known for his skepticism and empiricism.

Soft Determinist

A stance in the debate on free will which suggests that free will and determinism are compatible, claiming that behavior is determined by motivations and desires compatible with free choice.

Past Causes

The events or actions that have happened in the past and have led to the occurrence of current events or situations.

Soft Determinism

A thesis that accepts determinism but claims that certain kinds of causes—namely, a person’s character—will allow us to call his or her actions free. The soft determinist is therefore a compatibilist, who believes in both freedom and determinism.

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