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

Question 8

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(Figure: Supply-Driven Price Change) Refer to the figure. When the supply curve shifts from S0 to S1, the equilibrium price rises to: (Figure: Supply-Driven Price Change) Refer to the figure. When the supply curve shifts from S0 to S1, the equilibrium price rises to: A) $12 and the equilibrium quantity falls to 70. B) $10 and the equilibrium quantity falls to 100. C) $12 and the equilibrium quantity falls to 40. D) $10 and the equilibrium quantity falls to 70.


A) $12 and the equilibrium quantity falls to 70.
B) $10 and the equilibrium quantity falls to 100.
C) $12 and the equilibrium quantity falls to 40.
D) $10 and the equilibrium quantity falls to 70.

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