Refer to the Graph Shown

question 37

Multiple Choice

Refer to the graph shown. If product demand increases from D₁ to D₂, the equilibrium price of the product will:

• A)increase from P₁ to P₂ and equilibrium quantity will increase from Q₁ to Q₂.
• B)increase from P₁ to P₂ and equilibrium quantity will decrease from Q₂ to Q₁.
• C)decrease from P₂ to P₁ and equilibrium quantity will increase from Q₁ to Q₂.
• D)decrease from P₂ to P₁ and equilibrium quantity will decrease from Q₂ to Q₁.

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Definitions:

Active Voice

A sentence structure where the subject performs the action expressed by the verb, making the writing more direct and clear.

Important Ideas

Concepts or thoughts that hold significant value or influence within a certain context.

Active Sentences

Sentences structured with the subject performing the action expressed by the verb, emphasizing the actor and action.

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