Exhibit 39-7 -Refer to Exhibit 39-7.Let E₁ Represent the Initial Equilibrium in the Initial

Multiple Choice

Exhibit 39-7

-Refer to Exhibit 39-7.Let E₁ represent the initial equilibrium in the market for X.A combination of population growth and an increase in agricultural productivity will likely result in a new equilibrium at

A) E₂.
B) E₃.
C) E₄.
D) E₅.
E) E₄ or E₅, depending on the extent of income elasticity of demand.