Use the figure below to answer the following questions. Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beans.If the price of peas,a substitute for beans in production,rises,what is the new beans equilibrium,ceteris paribus?
A)8
B)3
C)9
D)5

Question

Use the figure below to answer the following questions.  Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beans.If the price of peas,a substitute for beans in production,rises,what is the new beans equilibrium,ceteris paribus?
A)8 
B)3 
C)9 
D)5

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.  Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beans.If the price of peas,a substitute for beans in production,rises,what is the new beans equilibrium,ceteris paribus?
A)8 
B)3 
C)9 
D)5

Use the Figure Below to Answer the Following Questions