Exhibit 4-6 Demand and supply curves
If the market demand and supply curves shift as given in Exhibit 4-6, the resulting new equilibrium will show a(n):

Question

Exhibit 4-6 Demand and supply curves 
If the market demand and supply curves shift as given in Exhibit 4-6, the resulting new equilibrium will show a(n):

Quizplus · Accepted Answer

The shift in demand and supply curves results in a decrease in market price and an increase in quantity exchanged, which is represented by the intersection of the new demand and supply curves at a lower price and a higher quantity. Therefore, option D is correct.

Exhibit 4-6 Demand and Supply Curves