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Refer to the Accompanying Figure

Question 59

Multiple Choice

Refer to the accompanying figure. When the price changes from P1 to P2, we will see an) Refer to the accompanying figure. When the price changes from P<sub>1</sub> to P<sub>2</sub>, we will see an) A) decrease in supply from Q<sub>1</sub> to Q<sub>2</sub>. B) increase in supply from Q<sub>2</sub> to Q<sub>1</sub>. C) decrease in quantity supplied from Q<sub>1</sub> to Q<sub>2</sub>. D) increase in quantity supplied from Q<sub>2</sub> to Q<sub>1</sub>. E) shift of the supply curve.


A) decrease in supply from Q1 to Q2.
B) increase in supply from Q2 to Q1.
C) decrease in quantity supplied from Q1 to Q2.
D) increase in quantity supplied from Q2 to Q1.
E) shift of the supply curve.

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