Refer to the Accompanying Diagram to Answer the Following Questions

question 60

Multiple Choice

Refer to the accompanying diagram to answer the following questions :

-Which of the following scenarios would explain the change in equilibrium shown in the accompanying figure?

• A) an increase in an input price
• B) a decrease in the number of buyers in a market
• C) an increase in the price of a substitute good
• D) an increase in the expected future price
• E) a negative technological change

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Definitions:

Adversely Affected

Negatively impacted by a change or action, often used in legal and environmental contexts.

Prima Facie Case

A case in which the plaintiff has produced sufficient evidence of his or her claim that the case will be decided for the plaintiff unless the defendant produces evidence to rebut it.

Protected Class

Groups of people who are legally protected from discrimination based on specific characteristics, such as race, gender, or age.

Equal Pay Act

It is a labor law that prohibits gender-based wage discrimination, mandating equal pay for equal work among male and female employees.