Figure 2.6 -In Figure 2.6, If D₁ Is the Original Demand Curve

Figure 2.6

-In Figure 2.6, if D₁ is the original demand curve and D₂ is the new demand curve, which of the following is true?

A) Supply has increased.
B) Quantity demanded has increased.
C) Equilibrium price has decreased.
D) Equilibrium quantity has decreased.
E) Immediately after the change in demand, a shortage will exist at the original price P₀.