Exhibit 39-7 -Refer to Exhibit 39-7.Let E₁ Represent the Initial Equilibrium in Initial

Multiple Choice

Exhibit 39-7
-Refer to Exhibit 39-7.Let E₁ represent the initial equilibrium in the market for X.Population growth combined with the widely publicized results of medical research extolling the virtues of consuming X will,ceteris paribus,result in a new equilibrium at

A) E₂.
B) E₃.
C) E4.
D) E5.
E) E4 or E5,depending on the extent of income elasticity of demand.