Figure 3-8

question 263

Multiple Choice

Figure 3-8
-Refer to Figure 3-8.The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A) .If the price of motorcycle engines increases,and the wages of motorcycle workers increase,how will the equilibrium point change?

• A)The equilibrium point will move from A to E.
• B)The equilibrium point will move from A to B.
• C)The equilibrium point will move from A to C.
• D)The equilibrium will first move from A to B,then return to A.

---

Definitions:

Micro-level Sociology

The study of individual or small group dynamics within a larger social system, focusing on personal interactions and socialization processes.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all humans are believed to share.

Abstract Thoughts

The ability to think about objects, principles, and ideas that are not physically present.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to massive changes in technology, society, and the global economy.