Solved

Assume the Graph Shown Represents the Market for Pizzas Sold

Question 146

Multiple Choice

Assume the graph shown represents the market for pizzas sold in an hour.If the original equilibrium was D and S1.Which of the following is true when S1 shifted to S2? A) Equilibrium price decreased by $5. B) Equilibrium quantity increased by 20. C) Equilibrium price increased by $5. D) Equilibrium quantity increased by 30. Assume the graph shown represents the market for pizzas sold in an hour.If the original equilibrium was D and S1.Which of the following is true when S1 shifted to S2?


A) Equilibrium price decreased by $5.
B) Equilibrium quantity increased by 20.
C) Equilibrium price increased by $5.
D) Equilibrium quantity increased by 30.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q141: This table shows the demand and supply

Q142: Consider the market for ride-on lawn mowers

Q143: Assume the graph</p></div><svg width=

Q144: This table shows the demand and supply

Q145: Assume the graph</p></div><svg width=

Q147: According to the</p></div><svg width=

Q148: According to the</p></div><svg width=

Q149: Consider the market for ride-on lawn mowers

Q150: This table shows the demand and supply

Q151: Assume the graph</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents