Refer to the graph shown. If suppliers can restrict output from M to L, the price will:
A) fall from PL to PM.
B) fall from PM to PL.
C) rise from PL to PM.
D) rise from PM to PL.

Question

Refer to the graph shown.  If suppliers can restrict output from M to L, the price will:
A) fall from PL to PM. 
B) fall from PM to PL. 
C) rise from PL to PM. 
D) rise from PM to PL.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown.  If suppliers can restrict output from M to L, the price will:
A) fall from PL to PM. 
B) fall from PM to PL. 
C) rise from PL to PM. 
D) rise from PM to PL.

Refer to the Graph Shown