Consider the market below. A. What would cause a move from point (a) to point (b)

B. Provide 2 reasons an economist would use to explain a shift from D(1) to D(2) C. How would a shift from D(1) to D(2) affect the equilibrium price and quantity. Add a supply curve to the above graph to illustrate your point. D. Why would this market, if left open and free of government intervention, overproduce widgets? Why?

Page of5 Question #3 Price Market for Widgets Consider the market above. A. What would cause a move from point (a) to point (b) Quantity ZOOM +