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Exhibit 4-3 Supply and Demand Curves

Question 50

Multiple Choice

Exhibit 4-3 Supply and demand curves Exhibit 4-3 Supply and demand curves   -The market shown in Exhibit 4-3 is initially in equilibrium at E<sub>4</sub>. Changes in market conditions result in a new equilibrium at E<sub>3</sub>. This change is stated as a(n) : A)  increase in supply and an increase in quantity demanded. B)  increase in supply and a decrease in demand. C)  decrease in supply and a decrease in quantity demanded. D)  increase in demand an increase in supply.
-The market shown in Exhibit 4-3 is initially in equilibrium at E4. Changes in market conditions result in a new equilibrium at E3. This change is stated as a(n) :


A) increase in supply and an increase in quantity demanded.
B) increase in supply and a decrease in demand.
C) decrease in supply and a decrease in quantity demanded.
D) increase in demand an increase in supply.

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