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Question 1 0.5 pts Figure 3-8 Price 5 2 S D 1 D 2 0 QuantityRefer to Figure 3-8. The graph in this gure illustrates

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Question 1 0.5 pts Figure 3-8 Price 5 2 S D 1 D 2 0 QuantityRefer to Figure 3-8. The graph in this gure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of 01 and 51 (point A). If the price of motorcycle engines increases, and the wages of motorcycle workers increase, how will the equilibrium point change? 0 The equilibrium will rst move from A to B, then return to A. O The equilibrium point will move from A to C. O The equilibrium point will move from A to B. O The equilibrium point will move from A to E

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