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-Assume Diagram 27

Question 22

Multiple Choice

-Assume Diagram 27.1b represents the market for wheat bread. The shift in demand from D<sub>1</sub> to D<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 demand from D1 to D2 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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