The following figure shows the demand and supply curves for a good. The initial demand curve is D₁ and the supply curve is S. Later, due to an external shock, the demand curve shifts to D₂.

-Refer to the figure above.What is the equilibrium quantity after the demand curve shifts to D₂?
A) 20 units
B) 30 units
C) 35 units
D) 50 units

Question

The following figure shows the demand and supply curves for a good. The initial demand curve is D₁ and the supply curve is S. Later, due to an external shock, the demand curve shifts to D₂.
 
-Refer to the figure above.What is the equilibrium quantity after the demand curve shifts to D₂?
A) 20 units 
B) 30 units 
C) 35 units 
D) 50 units

Quizplus · Accepted Answer

Without the figure, it's impossible to determine the exact equilibrium quantity after a demand curve shift. However, assuming this is a theoretical question where the demand curve shifts from D1 to D2 and intersects the supply curve at a new equilibrium point, the correct answer would typically depend on the specifics of the shift. Given the options, if B (30 units) is considered correct, it suggests a scenario where the new intersection point after the demand shift results in an equilibrium quantity of 30 units.

The Following Figure Shows the Demand and Supply Curves for a Good