Multiple Choice
-Refer to Exhibit 3-5.In the market shown,if equilibrium was originally at point V and is now at point Z,the new equilibrium price is __________ it was originally and the new equilibrium quantity is ____________ it was originally.
A) greater than; greater than
B) less than; greater than
C) greater than; less than
D) less than; less than
Correct Answer:
Verified
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