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

question 202

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 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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Interest Payments

Payments made to lenders as compensation for borrowing money, typically calculated as a percentage of the principal amount.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not considered as cash equivalents.

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Short-term Investments

Investments that are expected to be converted into cash within one year or during the next operating cycle, whichever is longer.