-Refer to the diagram above.If the price in this market is initially $3.00 and it is then allowed to move to the equilibrium,does the quantity demanded increase or decrease,and by how much?
A) The quantity demanded decreases by 40 units.
B) The quantity demanded decreases by 20 units.
C) The quantity demanded remains unchanged.
D) The quantity demanded increases by 20 units.
E) The quantity demanded increases by 40 units.

Question

-Refer to the diagram above.If the price in this market is initially $3.00 and it is then allowed to move to the equilibrium,does the quantity demanded increase or decrease,and by how much?
A) The quantity demanded decreases by 40 units. 
B) The quantity demanded decreases by 20 units. 
C) The quantity demanded remains unchanged. 
D) The quantity demanded increases by 20 units. 
E) The quantity demanded increases by 40 units.

Quizplus · Accepted Answer

The Answer of 
-Refer to the diagram above.If the price in this market is initially $3.00 and it is then allowed to move to the equilibrium,does the quantity demanded increase or decrease,and by how much?
A) The quantity demanded decreases by 40 units. 
B) The quantity demanded decreases by 20 units. 
C) The quantity demanded remains unchanged. 
D) The quantity demanded increases by 20 units. 
E) The quantity demanded increases by 40 units.

-Refer to the Diagram Above