The Following Figure Shows the Market for Grapefruit (In Kilos)

question 54

Multiple Choice

The following figure shows the market for grapefruit (in kilos) :

-Refer to the diagram above to answer this question.If factor prices were to rise,causing the supply to change by 12 kilos,what will be the new equilibrium price and quantity?

• A)$2.25 and 36 kilos
• B)$2.75 and 20 kilos
• C)$2.75 and 44 kilos
• D)$3.25 and 28 kilos

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