Figure 3-5
-In Figure 3-5,suppose a change takes place and as a result a new equilibrium occurs at point B.The change could have been caused by

Question

Figure 3-5 
-In Figure 3-5,suppose a change takes place and as a result a new equilibrium occurs at point B.The change could have been caused by

Quizplus · Accepted Answer

An increase in demand for CDs could shift the demand curve to the right, resulting in a new equilibrium at point B with a higher price and quantity. The other options would likely shift the demand or supply curve in the opposite direction and result in a new equilibrium at a lower price and quantity.

Figure 3-5 -In Figure 3-5,suppose a Change Takes Place and as a and as a Result