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Suppose Supply Is Fixed at 35 Units

Question 87

Multiple Choice

Suppose supply is fixed at 35 units.
Suppose supply is fixed at 35 units. -Refer to Figure 3.14 to answer this question.If this market is originally in equilibrium and demand increases by 20,what will be the new equilibrium price and quantity? A) $3 and 45 units. B) $5 and 35 units. C) $5 and 45 units. D) $7 and 35 units.
-Refer to Figure 3.14 to answer this question.If this market is originally in equilibrium and demand increases by 20,what will be the new equilibrium price and quantity?


A) $3 and 45 units.
B) $5 and 35 units.
C) $5 and 45 units.
D) $7 and 35 units.

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