Figure 3.8

question 192

Multiple Choice

Figure 3.8
-Refer to Figure 3.8.The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₁ and S₁ (point A) . If there is an increase in the wages of apple workers and an increase in the price of oranges, a substitute for apples, the equilibrium could move to which point?

• A)None of the points shown
• B)B
• C)C

---

Definitions:

Current Flow

The movement of electric charge carriers, like electrons, through a conductor or circuit, creating electric current.

Inductive Measurement

A technique for measuring a property or component by utilizing the principle of inductance or the change in inductance in a system.

Magnetic Field

An invisible field around magnetic materials where magnetic forces are exerted.

Voltage Drop Testing

A diagnostic process to measure the loss of electrical potential across a component or conductor, used to identify high resistance or faults in a circuit.