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    Exam 2: Economic Systems, Resource Allocation, and Social Well-Being: Lessons From Chinas Transition
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    The Following Questions Refer to the Graph Below
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The Following Questions Refer to the Graph Below

Question 96

Question 96

Multiple Choice

The Following Questions Refer to the graph below. The Following Questions Refer to the graph below.   -If the market starts in equilibrium with D<sub>1</sub> and S<sub>1</sub>,and the price of Pepsi increases,the new equilibrium price and quantity are A) 13 and 55 B) 10 and 40 C) 10 and 65 D) 7 and 55 E) 10 and 55
-If the market starts in equilibrium with D1 and S1,and the price of Pepsi increases,the new equilibrium price and quantity are


A) 13 and 55
B) 10 and 40
C) 10 and 65
D) 7 and 55
E) 10 and 55

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