The following figure shows the market for grapefruit (in kilos):

-Refer to the diagram above to answer this question.If factor prices were to rise,causing the supply to change by 12 kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 kilos
B)$2.75 and 20 kilos
C)$2.75 and 44 kilos
D)$3.25 and 28 kilos

Question

The following figure shows the market for grapefruit (in kilos):
 
-Refer to the diagram above to answer this question.If factor prices were to rise,causing the supply to change by 12 kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 kilos 
B)$2.75 and 20 kilos 
C)$2.75 and 44 kilos 
D)$3.25 and 28 kilos

Quizplus · Accepted Answer

The Answer of The following figure shows the market for grapefruit (in kilos):
 
-Refer to the diagram above to answer this question.If factor prices were to rise,causing the supply to change by 12 kilos,what will be the new equilibrium price and quantity?
A)$2.25 and 36 kilos 
B)$2.75 and 20 kilos 
C)$2.75 and 44 kilos 
D)$3.25 and 28 kilos

The Following Figure Shows the Market for Grapefruit (In Kilos)