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Graph 6-4 -According to Graph 6-4, When the Supply Curve Shifts from Supply

Question 48

Multiple Choice

Graph 6-4
Graph 6-4 -According to Graph 6-4, when the supply curve shifts from S<sub>1</sub> to S<sub>2</sub>: A) the new market quantity will be Q<sub>3</sub> B) the new market quantity will be less than Q<sub>3</sub> C) the new market quantity will be greater than Q<sub>3</sub> D) there will be a surplus at the new market price of P<sub>2</sub>
-According to Graph 6-4, when the supply curve shifts from S₁ to S₂:

A) the new market quantity will be Q₃
B) the new market quantity will be less than Q₃
C) the new market quantity will be greater than Q₃
D) there will be a surplus at the new market price of P₂

Correct Answer: