
-S0 and D0 represent the original supply and demand curves,and S1 and D1 represent the new curves.In this market:
A) the equilibrium position has shifted from M to K
B) the increase in demand is not as great as the increase in supply
C) the new equilibrium price and quantity are both greater than originally
D) point M shows the new equilibrium position
E) the increase in demand equals the increase in supply
Correct Answer:
Verified
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