In the figure given below, D1 and S1 are the original demand and supply curves.Figure 3.1
-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.
Correct Answer:
Verified
Q43: The figure given below shows the demand
Q44: The figure given below shows the demand
Q45: The table given below reports the quantity
Q46: The table given below reports the quantity
Q47: The table given below reports the quantity
Q49: In the figure given below, D1 and
Q50: In the figure given below, D1 and
Q51: The below figure shows the demand and
Q52: The table given below represents the supply
Q53: The table given below represents the supply
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