The 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?

The price of mangoes is currently 500 per pound At this price producers are supplying 4000 pounds of mangoes Point C on the graph shows the current equilibrium class=

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As illustration shows it will shift to the point E if the demand increases suddenly because of a non-price determinant of demand. In microeconomics, the law of demand states that, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases.

Answer:

point E

Explanation: