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-In Exhibit C-12, If the Demand and Supply Curves Shift

Question 18

Multiple Choice

-In Exhibit C-12, if the demand and supply curves shift from D<sub>1</sub> to D<sub>2</sub> and S<sub>1</sub> to S<sub>2</sub>, the new equilibrium, when compared to the old, reflects a(n) A) increase in price and a decrease in quantity B) decrease in price and a decrease in quantity C) increase in price and an increase in quantity D) decrease in price and an increase in quantity E) decrease in price and no change in quantity
-In Exhibit C-12, if the demand and supply curves shift from D1 to D2 and S1 to S2, the new equilibrium, when compared to the old, reflects a(n)


A) increase in price and a decrease in quantity
B) decrease in price and a decrease in quantity
C) increase in price and an increase in quantity
D) decrease in price and an increase in quantity
E) decrease in price and no change in quantity

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