Refer to Figure 3-8

question 13

Multiple Choice

Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D₂ and S₂ (point

• A) a positive change in the technology used to produce apples and a decrease in the price of oranges, a substitute for apples
• B) an increase in the wages of apple workers and a decrease in the price of oranges, a substitute for apples
• C) an increase in the number of apple producers and a decrease in the number of apple trees as a result of disease
• D) a decrease in the wages of apple workers and an increase in the price of oranges, a substitute for apples
• E). Which of the following changes would cause the equilibrium to change to point A?

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Definitions:

Samples

Small, manageable subsets of a population used in statistical analysis to estimate characteristics of the entire population.

Nonconforming Items

Items that fail to meet the quality standards or specifications required in a production process or delivery.

Distribution

In statistics, the way in which values of a variable or numbers are spread or distributed across possible values or ranges.

R-chart

A control chart used in statistical quality control for monitoring the range of variation within a sample.