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

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Figure 3-8
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 the price of motorcycle engines increases, and the wages of motorcycle workers increase, how will the equilibrium point change? A)  The equilibrium point will move from A to E. B)  The equilibrium point will move from A to B. C)  The equilibrium point will move from A to C. D)  The equilibrium will first move from A to B, then return to A.
-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 the price of motorcycle engines increases, and the wages of motorcycle workers increase, how will the equilibrium point change?


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