Figure 3-5 -In Figure 3-5,suppose a Change Takes Place and as a and as a Result

question 121

Multiple Choice

Figure 3-5
-In Figure 3-5,suppose a change takes place and as a result a new equilibrium occurs at point B.The change could have been caused by

• A)a reduction in the wages paid to workers in the CD industry.
• B)a decrease in the incomes of consumers.
• C)an increase in the tax on CDs.
• D)an increase in demand for CDs.