-In Figure 3-11,suppose That Initially the Market Is in Equilibrium

question 107

Multiple Choice

-In Figure 3-11,suppose that initially the market is in equilibrium as defined by the demand and supply curves D₁ and S₁.Which price/quantity combination could result from an increase in consumers' incomes coupled with an improvement in technology?

• A) $100 and 75,000
• B) $100 and 100,000
• C) $100 and 50,000
• D) $120 and 75,000
• E) $120 and 100,000

---

Definitions:

Common Cold

A viral infection of the upper respiratory tract that is characterized by symptoms such as sneezing, sore throat, coughing, and a runny nose.

Influenza

A viral infection that attacks the respiratory system, commonly known as the flu, which can be serious or even fatal in vulnerable populations.

Allergy

A hypersensitivity reaction by the immune system to a substance that is typically harmless to most people, such as pollen, food, or dust.

Occasional Cough

A cough that occurs infrequently and is not persistent, often symptomatic of a minor condition or environmental factor.