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

question 230

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 S₂ (point B) . Assume that Motorcycles are a normal good. If there is an increase in number of companies producing motorcycles and a decrease in income (assume motorcycles are a normal good) , the equilibrium could move to which point?

• A) A
• B) B
• C) C
• D) E

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Definitions:

Aggressive

Characterized by or displaying assertive, bold, and sometimes forceful behavior or attitudes.

Impulsive

Acting on or influenced by sudden desires or emotions without careful thought or consideration of the consequences.

Money-Hungry

Describes a strong or excessive desire for wealth, often at the expense of other values or ethics.

Rude

Displaying a lack of respect or consideration for others through impolite actions or words.