Refer to the Graph Below

question 172

Multiple Choice

Refer to the graph below.The graph shows the market for a good. Identify a correct statement about the market.

• A)The market equilibrium has shifted from point M to point K.
• B)An increase in the supply of the good is more than the increase in the demand for the good.
• C)The new market equilibrium price and quantity are both greater than the original market equilibrium price and quantity.
• D)Point M is the new market equilibrium.

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Definitions:

Pulmonary Fibrosis

A lung disease that occurs when lung tissue becomes damaged and scarred, making it difficult for lungs to work properly.

Pleurisy

An inflammation of the pleura, the two layers of membranes surrounding the lungs and lining the chest cavity.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place, crucial for breathing.

Bronchioles

Small airways in the lungs that lead from the bronchi to the alveolar sacs, responsible for carrying air in and out of the lungs during respiration.