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

question 82

Multiple Choice

Exhibit 39-7

-Refer to Exhibit 39-7.Let E₁ represent the initial equilibrium in the market for X.A combination of population growth and an increase in agricultural productivity will likely 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.

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