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

question 17

Multiple Choice

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 S₁ (point A) . If there is an increase in the price of fertiliser 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 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.

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Definitions:

Local Variables

Local variables are variables declared within a function or block and can only be accessed and manipulated within that function or block.

Global Variables

Variables that are defined outside of any function or block, accessible by any part of the program.

Programming

The process of designing, writing, testing, debugging, and maintaining the source code of computer programs.

Scope

The region of a program where a defined variable or function is accessible.