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iragen [17]
3 years ago
9

The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th

e graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Business
2 answers:
Aleonysh [2.5K]3 years ago
6 0

Answer:

Point "B"

Explanation:

The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.

nlexa [21]3 years ago
5 0

Answer:

yes

Explanation:

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To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is

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3 years ago
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Answer

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