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Refer to the Diagram, Which Shows Demand and Supply Conditions

Question 127

Multiple Choice

Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. Given D<sub>0</sub>, if the supply curve moved from S<sub>0</sub> to S<sub>1</sub>, then A) supply has increased and equilibrium quantity has decreased. B) supply has decreased and equilibrium quantity has decreased. C) there has been an increase in the quantity supplied. D) supply has increased and price has risen to G. Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. Given D0, if the supply curve moved from S0 to S1, then


A) supply has increased and equilibrium quantity has decreased.
B) supply has decreased and equilibrium quantity has decreased.
C) there has been an increase in the quantity supplied.
D) supply has increased and price has risen to G.

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