-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand decreased by 60?
A)$1,000 and 80.
B)$800 and 80.
C)$1,400 and 80.
D)$1,400 and 60.

Question

-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand decreased by 60?
A)$1,000 and 80. 
B)$800 and 80. 
C)$1,400 and 80. 
D)$1,400 and 60.

Quizplus · Accepted Answer

The Answer of 
-Refer to the graph above to answer this question.What would be the new equilibrium price and quantity if demand decreased by 60?
A)$1,000 and 80. 
B)$800 and 80. 
C)$1,400 and 80. 
D)$1,400 and 60.

-Refer to the Graph Above to Answer This Question