The Following Table Shows the Quantity Demanded and Quantity Supplied

question 6

Multiple Choice

The following table shows the quantity demanded and quantity supplied of grapefruits (in millions of kilos) :

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

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

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Definitions:

Postmodernity

A cultural, intellectual, or artistic state lacking a clear central hierarchy or organizing principle, breaking with classical and modernist concepts, often emphasizing skepticism and relativism.

Relational Theory

A framework in psychology and sociology that emphasizes the importance of relationships and interconnectedness among individuals in understanding their behaviors and identities.

Human Subjectivity

The condition of being a subject with unique thoughts, feelings, and perspectives, shaped by social, cultural, and personal contexts.

Affect Theorists

Researchers and theorists who study affect, or the range of emotions and expressions that individuals experience and display.