Figure: Demand-Driven Price Change
Refer to the figure. When the demand curve shifts from D0 to D1, the equilibrium price rises to:
A) $9 and the equilibrium quantity rises to 120.
B) $9 and the equilibrium quantity rises to 160.
C) $8 and the equilibrium quantity rises to 140.
D) $8 and the equilibrium quantity rises to 160.
Correct Answer:
Verified
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