Refer to the Information Provided in Figure 3

question 204

Multiple Choice

Refer to the information provided in Figure 3.16 below to answer the question(s) that follow. Figure 3.16
-Refer to Figure 3.16. When the economy moves from Point E to Point B, there has been

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

---

Definitions:

Antitrust Laws

Legislation enacted by the government to prevent new monopolies from forming and police those that exist to protect consumers from exploitative practices.

Justice Department

A national executive department responsible for enforcing the law and administering justice, typically including courts and law enforcement entities.

Monopoly Power

The ability of a monopoly to dictate the terms and conditions of the goods or services it provides, including price.

Business Travelers

Individuals who travel for work or professional reasons, often requiring accommodations, conference facilities, and other travel-related services.