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According to the Graph Shown, If the Market Goes from Equilibrium

Question 107

Multiple Choice

  According to the graph shown, if the market goes from equilibrium to having its price set at $10: A)  market transactions will decrease by 7. B)  market transactions will decrease by 3. C)  market transactions will decrease by 10. D)  market transactions will not change, only price has changed. According to the graph shown, if the market goes from equilibrium to having its price set at $10:


A) market transactions will decrease by 7.
B) market transactions will decrease by 3.
C) market transactions will decrease by 10.
D) market transactions will not change, only price has changed.

Correct Answer:

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