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

question 295

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 D₂ and S₁ (point C) If the price of motorcycle side cars (a complement to motorcycles) decreases, and the wages of motorcycle workers increase, how will the equilibrium point change?

• A) The equilibrium point will move from C to E.
• B) The equilibrium point will move from C to B.
• C) The equilibrium point will move from C to A.
• D) The equilibrium will first move from C to A, then return to C.

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