Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A). If there is a surplus of motorcycles how will the equilibrium point change?

A) The equilibrium point will move from A to E.
B) The equilibrium point will move from A to B.
C) There will be no change in the equilibrium point.
D) The equilibrium point will move from A to C.


C

Economics

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