MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Figure 3-2 43) Refer to Figure 3-2. An increase in price of inputs would be represented by a movement from A) B to A. B) 52 to 51. C) $1 to $2. D) A to B. 44) Refer to Figure 3-2. An increase in the number of firms in the market would be represented by a movement from A) $1 to $. B) A to B. C) B to A. D) $2 to 51. 45) Refer to Figure 3-2. An increase in the price of substitutes in production would be represented by a movement from A) A to B. B) B to A. C) S2 to 1. D) S1 to $2. 46) Refer to Figure 3-2. A decrease in the price of the product would be represented by a movement from B) A to B. C) 51 to 2. D) B to A A) S2 to S1. 47) Danielle Ocean pays for monthly pool maintenance for her home swimming pool. Last week the owner of the pool service informed Danielle that he will have to raise his monthly service fee because of increases in the price of pool chemicals. How is the market for pool maintenance services affected by this? A) There is a decrease in the quantity of pool maintenance services supplied. B) There is a decrease in the supply of pool maintenance services. C) There is an increase in the supply of pool maintenance services. D) There is a decrease in the demand for pool maintenance services. 48) Which of the following is the correct way to describe equilibrium in a market? A) At equilibrium, demand equals supply. B) At equilibrium, market forces no longer apply. C) At equilibrium, quantity demanded equals quantity supplied. D) At equilibrium, scarcity is eliminated. 43) 44) 47)