Exhibit 3-4 -In Exhibit 3-4, If D₁ and S₁ Are the Original

question 161

Multiple Choice

Exhibit 3-4
-In Exhibit 3-4, if D₁ and S₁ are the original supply and demand curves and D₂ and S₂ are the new curves, respectively, then

• A)demand has decreased.
• B)the original equilibrium quantity was Q₁.
• C)supply has increased.
• D)the new equilibrium quantity is Q₄.
• E)supply has decreased.

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Definitions:

Embarrassment

is a social emotion caused by recognizing a failure to behave according to social standards or expectations, often leading to feelings of shame or self-consciousness.

Social Emotion

Emotional responses that are influenced by interactions or relationships with other people, reflecting the collective or social aspect of emotions.

Embarrassment

A feeling of self-consciousness, shame, or awkwardness that arises when a person's actions, characteristics, or situation violates societal norms.

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