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-In the Above Figure, If D2 Is the Original Demand

Question 184

Multiple Choice

-In the above figure, if D<sub>2</sub> is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result? A) point a, with price P<sub>2</sub> and quantity Q<sub>2</sub> B) point b, with price P<sub>1</sub> and quantity Q<sub>1</sub> C) point c, with price P<sub>3</sub> and quantity Q<sub>3</sub> D) point d, with price P<sub>1</sub> and quantity Q<sub>3</sub>
-In the above figure, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result?


A) point a, with price P2 and quantity Q2
B) point b, with price P1 and quantity Q1
C) point c, with price P3 and quantity Q3
D) point d, with price P1 and quantity Q3

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