Narrbegin Exhibit 4.3 Demand and supply curves
-If the market demand and supply curves shift as given in Exhibit 4.3, the resulting new equilibrium will show a/an:

Question

Narrbegin Exhibit 4.3 Demand and supply curves  
-If the market demand and supply curves shift as given in Exhibit 4.3, the resulting new equilibrium will show a/an:

Quizplus · Accepted Answer

The shift in demand and supply curves results in a decrease in market price and an increase in the quantity exchanged, which is shown in the new equilibrium point. Therefore, option D is the correct answer. Option A is incorrect because it incorrectly indicates an increase in market price, while option B indicates a decrease in both market price and quantity exchanged, which is not supported by the graph. Option C indicates an increase in both price and quantity exchanged, which is also not supported by the graph.