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

question 363

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 S₂ (point E) If the technology to produce motorcycles improves and the number of buyers increases, how will the equilibrium point change?

• A) The equilibrium point will move from E to A.
• B) The equilibrium point will move from E to B.
• C) The equilibrium point will move from E to C.
• D) The equilibrium point will remain at E.

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