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Refer to the Graph Shown

Question 103

Multiple Choice

Refer to the graph shown. If the supply curve shifts from S1 to S2, the value of the dollar will: Refer to the graph shown. If the supply curve shifts from S1 to S2, the value of the dollar will: A) increase in response to excess demand equal to Q4 - Q2. B) increase in response to excess demand equal to Q3 - Q1. C) decrease in response to excess supply equal to Q4 - Q2. D) decrease in response to excess supply equal to Q3 - Q1.


A) increase in response to excess demand equal to Q4 - Q2.
B) increase in response to excess demand equal to Q3 - Q1.
C) decrease in response to excess supply equal to Q4 - Q2.
D) decrease in response to excess supply equal to Q3 - Q1.

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