Figure 3-8 -Refer to Figure 3-8. the Graph in This Figure Illustrates

question 123

Multiple Choice

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 an increase in the wages of motorcycle workers and an increase in the price of motorcycle insurance, a complement to motorcycles, the equilibrium could move to which point?

• A) A
• B) B
• C) C
• D) E

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