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

question 65

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 S2 (point

• 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 a decrease 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
• E).Which of the following changes would cause the equilibrium to change to point A?

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Definitions:

Rate of Change

A mathematical measure that calculates the percentage change in the value of a variable over a specific period.

Immunization

A strategy in finance to shield a portfolio from interest rate changes by matching the duration of assets and liabilities.

Interest Rate Management

Strategies and practices employed by individuals and firms to manage or hedge against the potential impact of interest rate changes on their finances.

Net Worth

The total assets of an individual or corporation minus total liabilities, indicating financial health or stability.