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Refer to the Graphs Above

Question 70

Multiple Choice

Refer to the graphs above. Which of the following best represents a positive demand shock when prices are flexible? A) The shift from D<sub>2</sub> to D<sub>3</sub> in graph B B) The shift from D<sub>2</sub> to D<sub>3</sub> in graph A C) The shift from D<sub>2</sub> to D<sub>1</sub> in graph B D) The shift from D<sub>2</sub> to D<sub>1</sub> in graph A Refer to the graphs above. Which of the following best represents a positive demand shock when prices are flexible?


A) The shift from D2 to D3 in graph B
B) The shift from D2 to D3 in graph A
C) The shift from D2 to D1 in graph B
D) The shift from D2 to D1 in graph A

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