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

Question

2 years ago

12

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 determinant of demand?

Business

2 answers:

expeople1 [14] · Answer 1 · 2022-06-19T19:52:38+03:00

expeople1 [14]2 years ago

6 0

Answer:

the correct awnser is point b

Explanation:

IRINA_888 [86] · Answer 2 · 2022-06-19T18:20:56+03:00

IRINA_888 [86]2 years ago

4 0

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.