Figure 3.8 -Refer to Figure 3.8. the Graph in This Figure Illustrates

question 88

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 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 apples and a decrease in the price of oranges, a substitute for apples.
• B)An increase in the wages of apple workers and an increase 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.

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Definitions:

Hemorrhages

Excessive or uncontrolled bleeding, either internally or externally, which can be life-threatening if not managed promptly.

Equilibrium

A condition in which all competing forces or influences are balanced, often used in contexts such as economics, physical sciences, and psychology.

Inner Ear

The inner ear is the deepest part of the human ear, consisting of the cochlea, vestibule, and semicircular canals, playing key roles in hearing and balance.

Capillary Refill

A test to assess peripheral circulation and dehydration by measuring how long it takes for color to return to an extremity's capillary bed after pressure is applied.