Multiple Choice
Exhibit 5-3 Use the following information about demand and supply schedules to answer the question. Refer to Exhibit 5-3.Suppose that D1 and S1 are the prevailing demand and supply curves for a product.If the demand schedule changes from D1 to D2,then:
A) equilibrium price decreases from $6 to $4.
B) equilibrium quantity decreases from 15 to 13.
C) equilibrium quantity increases from 13 to 18.
D) equilibrium price increases from $6 to $8.
Correct Answer:

Verified
Correct Answer:
Verified
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