Figure 3-8 -Refer to Figure 3-8.The Graph in This Figure Illustrates an Figure

question 28

Multiple Choice

Figure 3-8
-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 S₁ (point C) Which of the following changes would cause the equilibrium to change to point B?

• 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 an increase 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.

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Definitions:

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Equipment consisting of a strong fabric stretched over a steel frame using coiled springs, used for recreational jumping and acrobatics.

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Two-wheeled vehicles with a step-through frame and a platform for the operator's feet, powered by a motor, designed for efficient transportation.

American Academy of Pediatrics

A professional organization of pediatricians dedicated to the health, safety, and well-being of infants, children, adolescents, and young adults.

Concrete Operational

A stage in cognitive development, according to Piaget, where children aged 7 to 12 years become capable of logical thinking but are still focused on concrete objects and real events.