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Exhibit 3-4 -In Exhibit 3-4, If D1 and S1 Are the Original

Question 161

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Exhibit 3-4 Exhibit 3-4 -In Exhibit 3-4, if D<sub>1</sub> and S<sub>1</sub> are the original supply and demand curves and D<sub>2</sub> and S<sub>2</sub> are the new curves, respectively, then A) demand has decreased. B) the original equilibrium quantity was Q<sub>1</sub>. C) supply has increased. D) the new equilibrium quantity is Q<sub>4</sub>. E) supply has decreased.
-In Exhibit 3-4, if D1 and S1 are the original supply and demand curves and D2 and S2 are the new curves, respectively, then


A) demand has decreased.
B) the original equilibrium quantity was Q1.
C) supply has increased.
D) the new equilibrium quantity is Q4.
E) supply has decreased.

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