Multiple Choice
Use the figure below to answer the following questions.
Figure 3.5.1
-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 Q₀.
C) there is a shortage in the amount of Q₂ -Q₀ .
D) a rise in price will shift the demand curve to D₃ .
E) the price will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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