Solved

The Figure Given Below Shows the Demand Curves [D1 and D2]

Question 6

Multiple Choice

The figure given below shows the demand curves [D1 and D2] and the supply curve [S1] of capital.Figure 17.1
The figure given below shows the demand curves [D<sub>1</sub> and D<sub>2</sub>] and the supply curve [S<sub>1</sub>] of capital.Figure 17.1    -In Figure 17.1, if the demand curve for capital shifts to D<sub>2</sub>, the equilibrium price and quantity of capital are: A) P<sub>1</sub> and Q<sub>1</sub>. B) P<sub>2</sub> and Q<sub>2</sub>. C) P<sub>5</sub> and Q<sub>1</sub>. D) P<sub>3</sub> and Q<sub>3</sub>. E) P<sub>4</sub> and Q<sub>4</sub>.
-In Figure 17.1, if the demand curve for capital shifts to D2, the equilibrium price and quantity of capital are:


A) P1 and Q1.
B) P2 and Q2.
C) P5 and Q1.
D) P3 and Q3.
E) P4 and Q4.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents