-Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If the price of good A increases, the new equilibrium is most likely to be
A) point h.
B) point f.
C) point e.
D) point d.
E) point b.

Question

-Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If the price of good A increases, the new equilibrium is most likely to be
A) point h. 
B) point f. 
C) point e. 
D) point d. 
E) point b.

Quizplus · Accepted Answer

The Answer of 
-Refer to the production possibility graph above. Assume that the economy is in equilibrium at point e. If the price of good A increases, the new equilibrium is most likely to be
A) point h. 
B) point f. 
C) point e. 
D) point d. 
E) point b.

-Refer to the Production Possibility Graph Above