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The Product Is a Normal Product

Question 27

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The product is a normal product.
The product is a normal product.    -Refer to the graph above to answer this question.What does the distance Q1 to Q3 represent? A) The increase in equilibrium quantity traded resulting from an increase in demand. B) The decrease in equilibrium quantity traded resulting from an increase in demand. C) The increase in equilibrium quantity traded resulting from an increase in quantity demanded. D) The increase in equilibrium quantity traded resulting from an increase in quantity supplied. E) A shortage at price P2.
-Refer to the graph above to answer this question.What does the distance Q1 to Q3 represent?


A) The increase in equilibrium quantity traded resulting from an increase in demand.
B) The decrease in equilibrium quantity traded resulting from an increase in demand.
C) The increase in equilibrium quantity traded resulting from an increase in quantity demanded.
D) The increase in equilibrium quantity traded resulting from an increase in quantity supplied.
E) A shortage at price P2.

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