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

question 19

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 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:

Church of England

The Church of England is the principal Christian church in England, serving as the mother church of the worldwide Anglican Communion, characterized by its establishment as the state church of England with the monarch as its supreme governor.

Tobacco Cultivation

The agricultural process of growing and harvesting tobacco, which played a significant role in the economic development of colonies and states, particularly in the southern United States.

Indian Lands

Territories within the United States reserved for Native American tribes by the government, recognized as sovereign entities with certain levels of autonomy.

Virginia Planters

Wealthy landowners in colonial Virginia who dominated the social and political life of the region, primarily through their extensive cultivation of tobacco using enslaved labor.