s1$6.00S2$5.50$5.00$4.50S3$4.00e$3.50$3.00ad$2.50$2.00$1.50$100$0.50$0.00102030405060708090100110 120QuantityAbove figure shows market for apples. A decrease in the guantity of apples supplied but NOT a decrease in the supply of apples is shown by a movement fromO point G to point IO point E to point FO point H to point GO point A to point E

Answer; the answer is:- (C) i.e. point H to point G

Above figure shows market for apples. A decrease in the quantity of apples supplied but NOT a decrease in the supply of apples is shown by a movement from O point G to point I O point E to point F O point H to point G O point A to point E

Above figure shows market for apples. A decrease in the quantity of apples supplied but NOT a decrease in the supply of apples is shown by a movement from O point G to point I O point E to point F O point H to point G O point A to point E

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

s1
$6.00
S2
$5.50
$5.00
$4.50
S3
$4.00
e
$3.50
$3.00
a
d
$2.50
$2.00
$1.50
$100
$0.50
$0.00
10
20
30
40
50
60
70
80
90
100
110 120
Quantity
Above figure shows market for apples. A decrease in the guantity of apples supplied but NOT a decrease in the supply of apples is shown by a movement from
O point G to point I
O point E to point F
O point H to point G
O point A to point E

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