Market Equilibrium and Shifts in Demand and Supply
-Assume that column A and column C are the initial demand and supply curves.If demand changes to column B,one can infer the new equilibrium
A) price will be less than $40.
B) quantity will more than 80 units.
C) price will be greater than $40 but less than $50.
D) quantity will be less than 70 units.
E) price will be greater than $50.
Correct Answer:
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