question archive The graph in this ?gure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and 51 (point A)
The graph in this ?gure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and 51 (point A)
Subject:EconomicsPrice: Bought3
The graph in this ?gure illustrates an initial competitive equilibrium in the market for sugar at the intersection of D1 and 51 (point A). If there is an increase in the price of fertilizer used on sugar cane and there is a decrease in tastes for sugar-sweetened soft drinks, how will the equilibrium point change? 0 The equilibrium point will move from A to E. O The equilibrium point will move from A to B. O The equilibrium point will move from A to C. Q There will be no change in the equilibrium point.
