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Figure 3-8

question 96

Multiple Choice

Figure 3-8 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 D<sub>1</sub> and S<sub>1</sub> (point A) . If the price of oranges, a substitute for apples, decreases and the wages of apple workers increase, how will the equilibrium point change? A)  The equilibrium point will move from A to E.  B)  The equilibrium point will move from A to B. C)  The equilibrium point will move from A to C.  D)  The equilibrium will first move from A to B, then return to A.
-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 S1 (point A) . If the price of oranges, a substitute for apples, decreases and the wages of apple workers increase, how will the equilibrium point change?


Definitions:

Depth Perception

The ability to perceive the world in three dimensions (3D) and to judge the distance of objects.

Nasolacrimal Duct

The duct that allows tears to drain from the eye into the nasal cavity, playing a key role in tear drainage and nasal moisture.

Lacrimal Puncta

Small openings in the inner corners of the eyelids, serving as the entrance to the nasolacrimal ducts for tear drainage.

Tears

The liquid produced by lacrimal glands to lubricate the eyes, containing water, electrolytes, proteins, and lipids.

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