Refer to the Above Diagram, in Which S 1 and D 1

The Answer of Refer to the Above Diagram, in Which S 1 and D 1

Refer to the Above Diagram, in Which S 1 and D 1

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Refer to the Above Diagram, in Which S₁ and D₁

Question 168

Multiple Choice

Refer to the above diagram, in which S₁ and D₁ represent the original supply and demand curves and S₂ and D₂ the new curves.In this market:

A) supply has decreased and equilibrium price has increased.
B) demand and Supply have increased and equilibrium price has decreased.
C) demand has decreased and equilibrium price has decreased.
D) demand has increased and equilibrium price has increased.

Refer to the Above Diagram, in Which S1 and D1

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Refer to the Above Diagram, in Which S₁ and D₁

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