Use the Following to Answer Questions

question 154

Multiple Choice

Use the following to answer questions:
Figure: Supply and Demand in the Apple Juice Market
-(Figure: Supply and Demand in the Apple Juice Market) Use Figure: Supply and Demand in the apple juice market.The market is in equilibrium at point C.Suppose most people drink apple juice only with cider.What will be the new equilibrium point in the apple juice market if a law banning alcohol passes?

• A) A
• B) B
• C) D
• D) E

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Definitions:

Well-founded Predictions

Predictions based on solid data, thorough analysis, and plausible assumptions about future events or outcomes.

New Hypotheses

Newly formulated propositions made as bases for further investigation to prove or disprove them through empirical evidence.

Testable Hypothesis

One that can be shown to be false by reference to empirical evidence.