Multiple Choice
-Assume supply and demand both shift to the right so that D2 and S2 are now the relevant curves.The new equilibrium occurs at a price of _______ and ______ units exchanged.
A) $90;50
B) $60;20
C) $60;40
D) $30;30
E) $30;70
Correct Answer:
Verified
Related Questions
Q16: An economic model is a representation of
Q17: An economic model used to analyze the
Q18: If the price of an item falls,then
Q19: The most important determinant of the demand
Q20: The demand curve illustrates that consumers purchase
A)