Multiple Choice
Figure 3-5 
-In Figure 3-5,suppose a change takes place and as a result a new equilibrium occurs at point D.The change could have been caused by
A) a reduction in the wages paid to workers in the CD industry.
B) a decrease in the incomes of consumers.
C) an increase in the tax on CDs.
D) an increase in demand for CDs.
Correct Answer:
Verified
Related Questions
Q155: When the actual price is above the