b. What would be a possible explanation for a change from E to B? O A. The number of firms in this market has increased OB. The price of a substitute good has increased O C. The cost of materials to produce this good has increased. OD. The price of a complementary good has increased a. Based on the graph below answer the questions below: Price 50 45 KA XD 40 40 35 35 30 25 20 B 15 10 5 E Demand 2 C Demand 1 ° Label 0 100 200 300 400 500 600 700 800 900 1000 Quantity What is the quantity demanded at point B?
b. What would be a possible explanation for a change from E to B? O A. The number of firms in this market has increased OB. The price of a substitute good has increased O C. The cost of materials to produce this good has increased. OD. The price of a complementary good has increased a. Based on the graph below answer the questions below: Price 50 45 KA XD 40 40 35 35 30 25 20 B 15 10 5 E Demand 2 C Demand 1 ° Label 0 100 200 300 400 500 600 700 800 900 1000 Quantity What is the quantity demanded at point B?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:b.
What would be a possible explanation for a change from E to B?
O A. The number of firms in this market has increased
OB. The price of a substitute good has increased
O C. The cost of materials to produce this good has increased.
OD. The price of a complementary good has increased
Transcribed Image Text:a.
Based on the graph below answer the questions below:
Price
50
45
KA
XD
40
40
35
35
30
25
20
B
15
10
5
E
Demand 2
C
Demand 1
°
Label
0
100
200
300
400
500
600
700
800
900
1000
Quantity
What is the quantity demanded at point B?
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