Refer to the accompanying figure to answer the following questions.

-When a competitive market comes under the control of a monopoly,the price changes from
A) D to E.
B) C to B.
C) C to A.
D) B to A.
E) A to C.

Question

Refer to the accompanying figure to answer the following questions.
 
-When a competitive market comes under the control of a monopoly,the price changes from
A) D to E. 
B) C to B. 
C) C to A. 
D) B to A. 
E) A to C.

Quizplus · Accepted Answer

The figure shows a shift from the competitive market equilibrium point (B) to the monopoly equilibrium point (A), resulting in an increase in price from Pb to Pa. Therefore, the correct answer is D, which represents the movement from B to A.

Refer to the Accompanying Figure to Answer the Following Questions