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The Following Data Shows the Market for Soccer Balls

Question 15

Multiple Choice

The following data shows the market for soccer balls:
The following data shows the market for soccer balls:    -Refer to the above information to answer this question.Assume that initially the market is in equilibrium and the demand and supply both increase by 20 units.What will be the new equilibrium price and quantity? A) $30 and 50. B) $40 and 100. C) $50 and 80. D) $50 and 100. E) $60 and 100.
-Refer to the above information to answer this question.Assume that initially the market is in equilibrium and the demand and supply both increase by 20 units.What will be the new equilibrium price and quantity?


A) $30 and 50.
B) $40 and 100.
C) $50 and 80.
D) $50 and 100.
E) $60 and 100.

Correct Answer:

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