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-Assume Diagram 27

Question 24

Multiple Choice

-Assume Diagram 27.1b represents the market for wheat bread. The shift in supply from S<sub>1</sub> to S<sub>2</sub> will A) cause equilibrium price to fall and equilibrium quantity to fall B) cause equilibrium price to rise and equillibrium quantity to rise. C) cause equilibrium price to fall and equilibrium quantity to rise. D) cause equilibrium price to rise and equilibrium quantity to fall.
-Assume Diagram 27.1b represents the market for wheat bread. The shift in supply from S1 to S2 will


A) cause equilibrium price to fall and equilibrium quantity to fall
B) cause equilibrium price to rise and equillibrium quantity to rise.
C) cause equilibrium price to fall and equilibrium quantity to rise.
D) cause equilibrium price to rise and equilibrium quantity to fall.

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