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

question 188

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 D₁ and S₂ (point B) Which of the following changes would cause the equilibrium to change to point C?

• 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:

Behavior A-B-C Model

A framework that describes behavior as a sequence of Antecedent, Behavior, and Consequence.

Cognitive Assessment Techniques

These are methods or tools used to evaluate an individual's mental processes, including memory, attention, problem-solving skills, and other aspects of cognition.

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice where trading partners work together to match supply and demand, improving inventory efficiency.

S&OP

Sales and Operations Planning; a process to align the company's demand plans with its production capabilities, operational and financial plans.