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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Definitions:

Alternate Route

An alternative path or method to achieve an objective, often considered when the primary route is obstructed or less desirable.

Traffic Jam

A condition on roadways where vehicles are stopped or moving very slowly due to vehicle overflow or other factors like construction or accidents.

Well-Learned Behavior

is an action or response that has been practiced so much that it becomes automatic or performed without conscious thought.

Mechanistic Processes

Systems or methods that operate or are explained through mechanical or predictable outcomes, often relating to the fundamental physical or biochemical operations underlying a phenomenon.