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Assume the Graph Shown Represents the Market for Pizzas Sold

Question 147

Multiple Choice

Assume the graph shown represents the market for pizzas sold in an hour. If the original equilibrium was D and S1. Which of the following is true when S1 shifted to S2? A) Equilibrium price decreased by $5. B) Equilibrium quantity increased by 20. C) Equilibrium price increased by $5. D) Equilibrium quantity increased by 30. Assume the graph shown represents the market for pizzas sold in an hour. If the original equilibrium was D and S1. Which of the following is true when S1 shifted to S2?


A) Equilibrium price decreased by $5.
B) Equilibrium quantity increased by 20.
C) Equilibrium price increased by $5.
D) Equilibrium quantity increased by 30.

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