The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1

-Refer to Figure 4.1. If the price in the Delivery Meals market remains at $10 but demand shifts to D2 which of the following situations will be observed?
A) People would be willing and able to purchase 75 units while only 60 units would be available.
B) People would be willing and able to purchase only 60 units while 75 units would be available.
C) People would be willing and able to purchase 75 units while only 50 units would be available.
D) People would be willing and able to purchase 75 units while only 25 units would be available.
E) People would be willing and able to purchase 50 units and producers would supply exactly 50 units.

Question

The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1
 
-Refer to Figure 4.1. If the price in the Delivery Meals market remains at $10 but demand shifts to D2 which of the following situations will be observed?
A) People would be willing and able to purchase 75 units while only 60 units would be available. 
B) People would be willing and able to purchase only 60 units while 75 units would be available. 
C) People would be willing and able to purchase 75 units while only 50 units would be available. 
D) People would be willing and able to purchase 75 units while only 25 units would be available. 
E) People would be willing and able to purchase 50 units and producers would supply exactly 50 units.

Quizplus · Accepted Answer

The Answer of The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1
 
-Refer to Figure 4.1. If the price in the Delivery Meals market remains at $10 but demand shifts to D2 which of the following situations will be observed?
A) People would be willing and able to purchase 75 units while only 60 units would be available. 
B) People would be willing and able to purchase only 60 units while 75 units would be available. 
C) People would be willing and able to purchase 75 units while only 50 units would be available. 
D) People would be willing and able to purchase 75 units while only 25 units would be available. 
E) People would be willing and able to purchase 50 units and producers would supply exactly 50 units.

The Figure Given Below Represents the Equilibrium Price and Output