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The Following Figure Shows the Demand and Supply Curves for USB

Question 156

Multiple Choice

The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.
The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.    -Refer to the figure above.If the supply curve for flash drives shifts from S₁ to S₂,with no change in the demand curve,the new competitive equilibrium quantity is ________ units. A)  10 B)  20 C)  40 D)  60
-Refer to the figure above.If the supply curve for flash drives shifts from S₁ to S₂,with no change in the demand curve,the new competitive equilibrium quantity is ________ units.


A) 10
B) 20
C) 40
D) 60

Correct Answer:

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