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(Figure: Demand-Driven Price Change) Refer to the Figure

Question 12

Multiple Choice

(Figure: Demand-Driven Price Change) Refer to the figure. When the demand curve shifts from D0 to D1, the equilibrium price rises to: (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.


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.

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