Figure 2.4 -In Figure 2.4, if demand shifts from D 1 to D 2 and supply shifts from S 1 to S 2 ,

The Answer of Figure 2.4 -In Figure 2.4, if demand shifts from D 1 to D 2 and supply shifts from S 1 to S 2 ,

Figure 2.4 -In Figure 2.4, if demand shifts from D 1 to D 2 and supply shifts from S 1 to S 2 ,

The Answer of Figure 2.4 -In Figure 2.4, if demand shifts from D 1 to D 2 and supply shifts from S 1 to S 2 ,

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Figure 2.4 -In Figure 2.4, If Demand Shifts from D₁ to D₂

Question 140

Multiple Choice

Figure 2.4

-In Figure 2.4, if demand shifts from D<sub>1</sub> to D<sub>2</sub> and supply shifts from S<sub>1</sub> to S<sub>2</sub>,

Figure 2.4

-In Figure 2.4, if demand shifts from D₁ to D₂ and supply shifts from S₁ to S₂,

A) equilibrium price will rise to F but equilibrium quantity will remain at B.
B) equilibrium price will move to C and equilibrium quantity will move to G.
C) demand has decreased and supply has increased.
D) equilibrium price will rise to G and equilibrium quantity will remain at B.
E) both equilibrium price and equilibrium quantity will decrease.

Correct Answer: