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Exhibit 4-16 Refer to Exhibit 4-16

Question 242

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Exhibit 4-16 Exhibit 4-16 Refer to exhibit 4-16.The market demand curve is given by D<sub>1</sub> and the supply by S<sub>1</sub>.Equilibrium price is P<sub>2</sub> and equilibrium quantity is Q<sub>1</sub>.What will the new equilibrium price and quantity be if there is an increase in the birth rate? A) P<sub>2</sub> and Q<sub>1</sub> B) P<sub>1 </sub>and Q<sub>2</sub> C) P<sub>3</sub> and Q<sub>4</sub> D) P<sub>2 </sub>and Q<sub>2</sub> E) P<sub>4</sub> and Q<sub>3</sub> Refer to exhibit 4-16.The market demand curve is given by D1 and the supply by S1.Equilibrium price is P2 and equilibrium quantity is Q1.What will the new equilibrium price and quantity be if there is an increase in the birth rate?


A) P2 and Q1
B) P1 and Q2
C) P3 and Q4
D) P2 and Q2
E) P4 and Q3

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