Starting with AD₁ and AS₁ in the Graph Below, If

question 72

Multiple Choice

Starting with AD₁ and AS₁ in the graph below, if resources become more productive:

• A) equilibrium in the economy moves from point c to point b
• B) equilibrium in the economy moves from point b to point c
• C) equilibrium in the economy moves from point c to point d
• D) equilibrium in the economy moves from point d to point c
• E) equilibrium in the economy moves from point c to point a

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Definitions:

Bread

A staple food made primarily from flour, water, and yeast or another leavening agent, baked into a variety of forms.

Surplus

An excess amount of a commodity, product, or resource beyond what is needed or utilized.

Substitute Product

An alternative product that serves the same purpose or meets the same need as another.

Apple Juice

A beverage made by pressing and extracting the liquid from apples.