Refer to the above diagram,in which S 1 and D 1 represent the original supply and demand curves and S 2 and D 2 the new curves.In this market:

The Answer of Refer to the above diagram,in which S 1 and D 1 represent the original supply and demand curves and S 2 and D 2 the new curves.In this market:

Refer to the above diagram,in which S 1 and D 1 represent the original supply and demand curves and S 2 and D 2 the new curves.In this market:

The Answer of Refer to the above diagram,in which S 1 and D 1 represent the original supply and demand curves and S 2 and D 2 the new curves.In this market:

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Refer to the Above Diagram,in Which S₁ and D₁ Represent

Question 111

Multiple Choice

Refer to the above diagram,in which S₁ and D₁ represent the original supply and demand curves and S₂ and D₂ the new curves.In this market:

A) supply has decreased and equilibrium price has increased.
B) demand has increased and equilibrium price has decreased.
C) demand has decreased and equilibrium price has decreased.
D) demand has increased and equilibrium price has increased.

Correct Answer: