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

question 41

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 E) . Which of the following changes would cause the equilibrium to change to point A?

• 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 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.

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Definitions:

Appalachian Mountains

A mountain range in eastern North America, extending from Canada to Alabama, and known for its diverse ecosystems and rich cultural history.

Mississippi River

One of the largest rivers in the United States, flowing southward for 2,340 miles from Minnesota to the Gulf of Mexico, serving as a vital waterway for agricultural and industrial transport.

Joseph Brant

The Mohawk leader who led the Iroquois against the Americans in the Revolutionary War.

Mohawk

A member of the Native American people originally from the Mohawk Valley in upstate New York.