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

question 100

Multiple Choice

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

-Refer to the diagram above to answer this question.If the price of oranges (a substitute) were to decrease,causing the demand for grapefruit to change by 12 kilos,what will be the new equilibrium price and quantity?

• A)$2.25 and 24 kilos
• B)$2.25 and 48 kilos
• C)$2.75 and 44 kilos
• D)$3.25 and 40 kilos

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Definitions:

Second-Degree

Refers to a moderate level of severity or classification in various contexts, such as burns, which involve the epidermis and part of the dermis layer of skin, or crimes, which are serious but considered less severe than first-degree offenses.

Partial-Thickness

A term used in medicine to describe wounds or burns that affect only some layers of the skin, not penetrating completely through from surface to deepest layer.

First-Degree

A classification indicating the lowest severity or level of severity in various contexts, such as burns or relationships.

Psoriasis

A chronic autoimmune skin condition characterized by red, itchy, and scaly patches.