-Refer to the Above Figure

question 388

Multiple Choice

-Refer to the above figure. A movement from point A to point B indicates

• A) an increase in demand.
• B) a decrease in demand.
• C) an increase in quantity demanded.
• D) a decrease in quantity demanded.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold; determined by supply and demand.

Sugar Quotas

Government-imposed limits on the quantity of sugar that can be imported or produced domestically, often used to protect domestic production and control prices.

Quota Limits

Refers to government-imposed restrictions on the quantity or monetary value of goods that can be imported or exported over a specific period.

Market Equilibrium

A situation in which market supply equals market demand, and prices stabilize.