​Exhibit 3-13 -Refer to Exhibit 3-13. a Movement from Point D to Point

question 69

Multiple Choice

​Exhibit 3-13
-Refer to Exhibit 3-13. A movement from Point D to Point F:

• A)​increases the level of unemployment.
• B)​requires the sacrifice of cupcakes in order to acquire more cakes.
• C)​requires the sacrifice of cakes in order to acquire more cupcakes.
• D)​is not possible given the available resources and technology.

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Definitions:

Bread

A staple food made from dough of flour and water, usually by baking, and a common component of many diets worldwide.

Donuts

A type of fried dough confection or dessert food, often circular, with a hole in the center and various toppings or fillings.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in its price, income levels, or other factors.

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.