select the correct point on the graph.\nthe price of mangoes is currently $5.00 per pound. at this price…

select the correct point on the graph.\nthe price of mangoes is currently $5.00 per pound. at this price, producers are supplying 4,000 pounds of mangoes. point c on the 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?

select the correct point on the graph.\nthe price of mangoes is currently $5.00 per pound. at this price, producers are supplying 4,000 pounds of mangoes. point c on the 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?

Answer

Explanation:

Step1: Recall demand - supply principle

When demand increases due to a non - price determinant, the demand curve shifts to the right.

Step2: Analyze the graph

The initial equilibrium is at point C. When the demand curve shifts to the right (from demand curve 1 to demand curve 2), the new equilibrium will be at the intersection of the new demand curve and the supply curve.

Answer:

B