Multiple Choice
Assume the graph shown represents the market for bottles of wine and was originally in equilibrium with D and S. Something changes and demand shifts to D2. Which of the following is true?
A) Equilibrium price increased by $5.
B) Equilibrium quantity increased by 20.
C) Equilibrium price increased by $15.
D) Equilibrium quantity increased by 30.
Correct Answer:
Verified
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