Answer: Point B
If the demand increases suddenly because of a non-price determinant of demand, equilibrium point will shift to point B. At point B, the demand for mangoes increased from 4000 to 5000 pounds, and the price increased as well, from $5 to $6.
Answer: Option (c) is correct.
Explanation:
Given that,
Price elasticity of demand = 0.5
Percentage increase in price = 8%
Price elasticity of demand = 
0.5 = 
Percentage change in quantity demanded = 0.5 × 8
= 4%
Therefore, if the price rises by 8% then as a result quantity demanded decreases by 4%.
Hello!
I believe the correct answer is: Consumer Market.
(Confirmed by three resources).
I really hope this helped you out! :)