Refer to the diagram above to answer this question. If factor prices were to rise, causing...
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Refer to the diagram above to answer this question. If factor prices were to rise, causing the supply to change by 12 kilos, what will be the new equilibrium price and quantity? 73{kd 5 4.5 4 3.5 3 2.5 2 1.5 1 12 16 20 24 28 32 36 Quantity per period A) $3.25 and 28 kilos B) $2.75 and 20 kilos C) $2.25 and 36 kilos D) $2.75 and 44 kilos S D 40 44 Refer to the diagram above to answer this question. If factor prices were to rise, causing the supply to change by 12 kilos, what will be the new equilibrium price and quantity? 73{kd 5 4.5 4 3.5 3 2.5 2 1.5 1 12 16 20 24 28 32 36 Quantity per period A) $3.25 and 28 kilos B) $2.75 and 20 kilos C) $2.25 and 36 kilos D) $2.75 and 44 kilos S D 40 44
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