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-In Exhibit C-9, the Original Market Equilibrium Is Determined by D1

Question 118

Multiple Choice

-In Exhibit C-9, the original market equilibrium is determined by D<sub>1</sub> and S<sub>1</sub>. Suppose demand shifts to D<sub>2</sub>. The new equilibrium price is _________ than the originaland ______________. A) lower; quantity is greater B) higher; quantity is lower C) lower; quantity is greater. D) higher; quantity is greater E) lower; quantity is unchanged
-In Exhibit C-9, the original market equilibrium is determined by D1 and S1. Suppose demand shifts to D2. The new equilibrium price is _________ than the originaland ______________.


A) lower; quantity is greater
B) higher; quantity is lower
C) lower; quantity is greater.
D) higher; quantity is greater
E) lower; quantity is unchanged

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