Question: The graph illustrates the market for tea. The initial equilibrium is at point A. After one or more changes, the new equilibrium moves to point
The graph illustrates the market for tea. The initial equilibrium is at point A. After one or more changes, the new equilibrium moves to point B. What events could move the market for tea to point B? Question content area bottom left Part 1 The market for tea could have experienced _______. A. a rise in household income and an increase in the number of plantations B. a fall in the wage rate paid to tea pickers and a fall in household income C. a fall in household income and an increase in the number of plantations D. a rise in household income and an increase in the wage rate paid to tea pickers . . . Question content area right Part 1 0 5 10 15 20 0 11 22 33 44 Quantity (millions of bushels per year) Price (dollars per bushel) Upper AUpper BUpper SUpper D
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