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the price of mangoes is currently $5.00 per pound at this price producers are supplying 4,000 pounds of mangoes point C on the graph shows the current equilibrium price and quality to watch point will the equilibrium shift of the demand increase suddenly because of a non price determinant of demand

the price of mangoes is currently $5.00 per pound at this price producers are supplying-example-1

2 Answers

3 votes
B.

You must simply follow your equilibrium point. If the new demand curve is at D2, then you find the new intersection formed by D2 and S1.
User Laurabeth
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Answer:

In the event that the cost of mangoes is right now $5.00 per pound and at this value makers are providing 4,000 pounds of mangoes. The point C on the diagram demonstrates the present balance cost and quality to watch point will the harmony move of the interest increment abruptly as a result of a non value determinant of interest.

The right reaction is B. You should basically pursue your balance point. On the off chance that the new interest bend is at D2, you locate the new convergence shaped by D2 and S1.

User Aadlc
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