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-In Figure 3-8,using the Supply and Demand Curves Denoted S₁

Question 60

Multiple Choice

-In Figure 3-8,using the supply and demand curves denoted S₁ and D₁,respectively,if demand were to increase to D₂ and the equilibrium price stayed the same there would be a A) surplus B) new equilibrium at 50,000 C) shortage D) new equilibrium at 100,000 E) new equilibrium at 75,000
-In Figure 3-8,using the supply and demand curves denoted S₁ and D₁,respectively,if demand were to increase to D₂ and the equilibrium price stayed the same there would be a


A) surplus
B) new equilibrium at 50,000
C) shortage
D) new equilibrium at 100,000
E) new equilibrium at 75,000

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