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

question 371

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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 motorcycles at the intersection of D₁ and S₁ (point A)  If there is a surplus of motorcycles how will the equilibrium point change? A)  The equilibrium point will move from A to B. B)  The equilibrium point will move from A to C. C)  There will be no change in the equilibrium point. D)  The equilibrium point will move from A to E.
-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 S₁ (point A) If there is a surplus of motorcycles how will the equilibrium point change?


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