Exhibit 5.7 -Refer to Exhibit 5.7,which Shows Four Demand Curves.If D(2)is the Demand

Multiple Choice

Exhibit 5.7

-Refer to Exhibit 5.7,which shows four demand curves.If D(2) is the demand curve after a price increase,which demand curve best illustrates how consumers will respond to the change in price over one year?

A) curve D(1)
B) curve D(2)
C) curve D(4)
D) curve D(3)
E) curve D(1) or curve D(4)