Refer to the Above Graph, Which Shows the Market for Bicycles

question 110

Multiple Choice

Refer to the above graph, which shows the market for bicycles. S₁ and D₁ are the original supply and demand curves. D₂ and D₃ and S₂ and S₃ are possible new demand and supply curves. Starting from the initial equilibrium (point 1) , which point on the graph is most likely to be the new equilibrium after the introduction of technological improvements in bicycle production, and successful publicity campaigns by the government on the virtues of bicycling to work?

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Sensing Words

Words that evoke the use of the senses (sight, sound, touch, taste, smell) to create vivid descriptions or experiences in communication.

Mental Concentration

The cognitive process of focusing one's attention on a specific task or subject for a period of time.

Nature Of Listening

The inherent qualities or characteristics of how individuals pay attention and interpret auditory information.

Filtering

The process of sorting through and eliminating unwanted information or data based on specific criteria.