Multiple Choice
Exhibit 3-4
-Refer to Exhibit 3-4. If S1 and D1 are the original supply and demand curves and, ceteris paribus, demand shifts to D2,
A) the quantity supplied increases from Q3 to Q4.
B) the quantity supplied increases from Q2 to Q3.
C) supply decreases from Q3 to Q2.
D) the quantity supplied increases from Q2 to Q4.
E) the quantity demanded increases from Q3 to Q2.
Correct Answer:

Verified
Correct Answer:
Verified
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