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Refer to the Information Provided in Figure 4

question 13

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Refer to the information provided in Figure 4.2 below to answer the question(s) that follow. Refer to the information provided in Figure 4.2 below to answer the question(s)  that follow.   Figure 4.2 -Refer to Figure 4.2. The market is initially in equilibrium at Point A and supply shifts from S<sub>1</sub> to S<sub>2</sub>. Which of the following statements is true? A)  Price will still serve as a rationing device causing quantity supplied to rise from 8 to 11 soft pretzels. B)  There is no need for price to serve as a rationing device in this case because the new equilibrium quantity is higher than the original equilibrium quantity. C)  Price will still serve as a rationing device causing quantity demanded to fall from 11 to 8 soft pretzels. D)  The market cannot move to a new equilibrium until there is also a change in supply. Figure 4.2
-Refer to Figure 4.2. The market is initially in equilibrium at Point A and supply shifts from S1 to S2. Which of the following statements is true?


Definitions:

Zygomatic Arch

The arch of bone that forms from the temporal process of the zygomatic bone and the zygomatic process of the temporal bone, creating the prominence of the cheek.

Zygomatic Process

A bony projection of the temporal bone that articulates with the zygoma (cheekbone) to form part of the cheek structure.

Temporal Bone

A bone of the skull, situated at the sides and base of the cranium, involved in the protection of the inner ear.

Temporal Process

A projection on the zygomatic bone that helps form the zygomatic arch, connecting the zygomatic bone to the temporal bone of the skull.

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