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Refer to the Accompanying Figure

Question 135

Multiple Choice

Refer to the accompanying figure. Assume demand remains unchanged at D1. If supply shifts from S1 to S2, then the equilibrium price will ________ and the equilibrium quantity will ________. Refer to the accompanying figure. Assume demand remains unchanged at D1. If supply shifts from S1 to S2, then the equilibrium price will ________ and the equilibrium quantity will ________. A) rise; fall B) rise; rise C) fall; fall D) fall; rise


A) rise; fall
B) rise; rise
C) fall; fall
D) fall; rise

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