Market Equilibrium and Shifts in Demand and Supply

Multiple Choice

Market Equilibrium and Shifts in Demand and Supply

-Assume that column A and column C are the initial demand and supply curves.If supply and demand both change so that column B and column D are now the relevant curves,one can infer that the new equilibrium

A) price can be either greater than or less than $40.
B) price must be less than $40.
C) quantity must be greater than 70 units.
D) price must be greater than $40.
E) quantity must be less than 60 units.