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

question 29

Multiple Choice

Figure 3-8

-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₂ and S₂ (point

• A)A positive change in the technology used to produce apples and decrease in the price of oranges, a substitute for apples.
• B)An increase in the wages of apple workers and a decrease in the price of oranges, a substitute for apples.
• C)An increase in the number of apple producers and a decrease in the number of apple trees as a result of disease.
• D)A decrease in the wages of apple workers and an increase in the price of oranges, a substitute for apples.
• E). Which of the following changes would cause the equilibrium to change to point A?

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Definitions:

Methanol

A simple alcohol with the formula CH3OH, used as a solvent and as an antifreeze in fuel.

Products

The outcomes or substances resulting from a chemical reaction, which can be different in physical and chemical properties from the reactants.

Kinetic Control

A condition in which the rate at which reactants are converted into products determines the predominant product, influenced by factors like temperature and reaction time.

HBr

A corrosive, gaseous compound used in the production of inorganic and organic bromine compounds and as a catalyst in some types of chemical reactions.