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 D2 and S2 (point
A)The equilibrium point will move from E to A.
B)The equilibrium point will move from E to B.
C)The equilibrium point will move from E to C.
D)The equilibrium point will remain at E.
E).If the technology to produce motorcycles improves and the number of buyers increases,how will the equilibrium point change?

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 D2 and S2 (point
A)The equilibrium point will move from E to A. 
B)The equilibrium point will move from E to B. 
C)The equilibrium point will move from E to C. 
D)The equilibrium point will remain at E. 
E).If the technology to produce motorcycles improves and the number of buyers increases,how will the equilibrium point change?

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 D2 and S2 (point
A)The equilibrium point will move from E to A. 
B)The equilibrium point will move from E to B. 
C)The equilibrium point will move from E to C. 
D)The equilibrium point will remain at E. 
E).If the technology to produce motorcycles improves and the number of buyers increases,how will the equilibrium point change?

Figure 3-8 -Refer to Figure 3-8.The Graph in This Figure Illustrates an Figure