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In the Figure Given Below, D1 and S1 Are the Original

Question 48

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In the figure given below, D1 and S1 are the original demand and supply curves.Figure 3.1
In the figure given below, D<sub>1</sub> and S<sub>1</sub> are the original demand and supply curves.Figure 3.1    -Refer to Figure 3.1. If demand shifts from D<sub>1</sub> to D<sub>2</sub> and supply shifts from S<sub>1</sub> to S<sub>2</sub>: A) equilibrium price will rise to F, but equilibrium quantity will remain at B. B) equilibrium price will move to C and equilibrium quantity to G. C) demand will decrease and supply will increase. D) equilibrium price will rise to G, and equilibrium quantity will remain at B. E) both equilibrium price and equilibrium quantity will decrease.
-Refer to Figure 3.1. If demand shifts from D1 to D2 and supply shifts from S1 to S2:


A) equilibrium price will rise to F, but equilibrium quantity will remain at B.
B) equilibrium price will move to C and equilibrium quantity to G.
C) demand will decrease and supply will increase.
D) equilibrium price will rise to G, and equilibrium quantity will remain at B.
E) both equilibrium price and equilibrium quantity will decrease.

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