Figure 3.5.1 Use the Figure Below to Answer the Following Questions

Multiple Choice

Figure 3.5.1
Use the figure below to answer the following questions.

-If the demand curve is D₂ in Figure 3.5.1,

A) the equilibrium price is P₂ and the equilibrium quantity is Q₂.
B) the equilibrium price is P₂ and the equilibrium quantity is .
C) there is a shortage in the amount of Q₂ - Q₁.
D) a rise in price will shift the demand curve to D₃.
E) the price will rise.