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    Essentials of Economics Study Set 2
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    Figure 3-2 -Refer to Figure 3-2.An Increase in the Price of the the Price
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Figure 3-2 -Refer to Figure 3-2.An Increase in the Price of the the Price

Question 107

Question 107

Multiple Choice

Figure 3-2
Figure 3-2    -Refer to Figure 3-2.An increase in the price of the product would be represented by a movement from A)  A to B. B)  B to A. C)  S₁ to S₂. D)  S₂ to S₁.
-Refer to Figure 3-2.An increase in the price of the product would be represented by a movement from


A) A to B.
B) B to A.
C) S₁ to S₂.
D) S₂ to S₁.

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