Figure 3-8

-Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D₁ and S₁ (point A) If there is a surplus of motorcycles how will the equilibrium point change?
A) The equilibrium point will move from A to B.
B) The equilibrium point will move from A to C.
C) There will be no change in the equilibrium point.
D) The equilibrium point will move from A to E.

Question

Figure 3-8
 
-Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D₁ and S₁ (point A) If there is a surplus of motorcycles how will the equilibrium point change?
A) The equilibrium point will move from A to B. 
B) The equilibrium point will move from A to C. 
C) There will be no change in the equilibrium point. 
D) The equilibrium point will move from A to E.

Quizplus · Accepted Answer

The Answer of Figure 3-8
 
-Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D₁ and S₁ (point A) If there is a surplus of motorcycles how will the equilibrium point change?
A) The equilibrium point will move from A to B. 
B) The equilibrium point will move from A to C. 
C) There will be no change in the equilibrium point. 
D) The equilibrium point will move from A to E.

Figure 3-8 -Refer to Figure 3-8. the Graph in This Figure Illustrates