Which of the Following Scenarios Would Explain the Change in Equilibrium

question 59

Multiple Choice

Which of the following scenarios would explain the change in equilibrium shown in the accompanying figure?

• A) an increase in an input price
• B) a decrease in the number of buyers in a market
• C) an increase in the price of a substitute good
• D) an increase in the expected future price
• E) a negative technological change

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Definitions:

Filter

A device or process that removes impurities or separates particles from a liquid or gas.

Engulf

To surround or envelop completely, often used to describe how one cell can consume another.

Terrestrial Mollusks

Mollusks that live on land rather than in the sea or freshwater bodies; this group includes snails and slugs.

Gastropods

A class of mollusks typically having a one-piece coiled shell and including snails, slugs, and whelks, which are primarily marine, but also found in freshwater and terrestrial environments.