-In the Above Figure, If D₂ Is the Original Demand

question 350

Multiple Choice

-In the above figure, if D₂ is the original demand curve and the price of a substitute in consumption rises, which price and quantity might result?

• A) point a, with price P₂ and quantity Q₂
• B) point b, with price P₁ and quantity Q₁
• C) point c, with price P₃ and quantity Q₃
• D) point d, with price P₁ and quantity Q₃

---

Definitions:

Instructional Method

Any of a variety of strategies, techniques, and materials used in the process of teaching and learning.

Technology-Based Simulation

The use of digital tools and software to create realistic scenarios for training or educational purposes.

Action Learning

A collaborative learning process where individuals tackle real problems in groups to get actual work done while simultaneously learning and developing themselves and the organization.

North America

A continent located in the Northern Hemisphere, mainly between the Atlantic and Pacific Oceans, comprising countries such as the United States and Canada.