$\text { Table } 27.1 \mathrm{a}$
$\begin{array}{ccc}\hline \text {Price}& \text { Quantity Demanded }& \text {Quantity Supplied per}\\& \text {per month}&\text { month}\\\hline 35,000 & 35,000 & 55,000 \\\hline \$ 30,000 & 40,000 & 50,000 \\\hline \$ 25,000 & 45,000 & 45,000 \\\hline \$ 20,000 & 50,000 & 40,000 \\\hline 15,000 & 55,000 & 35,000 \\\hline\end{array}$
-Assume Diagram 27.1a represents the market for wheat bread. The shift in demand from D₁ to D₂ will

Question

\text { Table } 27.1 \mathrm{a}

\begin{array}{ccc}\hline \text {Price}& \text { Quantity Demanded }& \text {Quantity Supplied per}\\& \text {per month}&\text { month}\\\hline 35,000 & 35,000 & 55,000 \\\hline \$ 30,000 & 40,000 & 50,000 \\\hline \$ 25,000 & 45,000 & 45,000 \\\hline \$ 20,000 & 50,000 & 40,000 \\\hline 15,000 & 55,000 & 35,000 \\\hline\end{array}

-Assume Diagram 27.1a represents the market for wheat bread. The shift in demand from D₁ to D₂ will

Quizplus · Accepted Answer

When demand increases (shifts right), it typically causes the equilibrium price and quantity to rise, as more people are willing to buy the product at higher prices, and producers are willing to supply more at higher prices.

Table 27.1a\text { Table } 27.1 \mathrm{a} Table 27.1a -Assume Diagram 27

$\text { Table } 27.1 \mathrm{a}$ -Assume Diagram 27