Multiple Choice
Refer to the information provided in Figure 3.18 below to answer the question(s) that follow. Figure 3.18
-Refer to Figure 3.18. The market is initially in equilibrium at Point B. If demand shifts from D2 to D1 and there is an excess supply of 200 million pounds of burritos, the price of burritos would be
A) $1.50.
B) $3.00.
C) $4.00.
D) $6.00.
Correct Answer:

Verified
Correct Answer:
Verified
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