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Figure 2.3.1 -Refer to Figure 2.3.1. in Example 2.4, the Textbook Describes

Question 47

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  Figure 2.3.1 -Refer to Figure 2.3.1. In Example 2.4, the textbook describes the impact of 9/11 on the real estate market in New York city. How does the sketch in figure 2.3.1 adapt to the described scenario? A)  Demand shifted from D<sub>1</sub> to D<sub>2</sub> and supply shifted from S<sub>1</sub> to S<sub>2</sub>. B)  Demand shifted from D<sub>1</sub> to D<sub>2</sub> and supply shifted from S<sub>2</sub> to S<sub>1</sub>. C)  Demand shifted from D<sub>2</sub> to D<sub>1</sub> and supply shifted from S<sub>1</sub> to S<sub>2</sub>. D)  Demand shifted from D<sub>2</sub> to D<sub>1</sub> and supply shifted from S<sub>2</sub> to S<sub>1</sub>. Figure 2.3.1
-Refer to Figure 2.3.1. In Example 2.4, the textbook describes the impact of 9/11 on the real estate market in New York city. How does the sketch in figure 2.3.1 adapt to the described scenario?


A) Demand shifted from D1 to D2 and supply shifted from S1 to S2.
B) Demand shifted from D1 to D2 and supply shifted from S2 to S1.
C) Demand shifted from D2 to D1 and supply shifted from S1 to S2.
D) Demand shifted from D2 to D1 and supply shifted from S2 to S1.

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