Multiple Choice
The graph shown depicts the market for a good. Assume the market was originally in equilibrium where the demand curve (D) and supply curve (S) intersect. Something changes in the market, and the demand curve for the good shifts to D2. Which of the following is true?
A) The equilibrium price will increase by $5.
B) The equilibrium quantity will increase by 20 units.
C) The equilibrium price will increase by $15.
D) The equilibrium quantity will increase by 30 units.
Correct Answer:
Verified
Correct Answer:
Verified
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