Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D2 and S2 (point E)
If the technology to produce motorcycles improves and the number of buyers increases, how will the equilibrium point change?
A) The equilibrium point will move from E to C. B) The equilibrium point will remain at E.
C) The equilibrium point will move from E to B. D) The equilibrium point will move from E to A.
D
Economics
You might also like to view...
There are many ways developing countries finance their external deficits EXCEPT
A) bank finance. B) portfolio investment in ownership of firms. C) bond finance. D) official lending. E) foreign exchange rates.
Economics
The increasing share of women in the labor force may have contributed to the decrease in unionization
a. True b. False Indicate whether the statement is true or false
Economics