Use the Figure Below to Answer the Following Questions

question 28

Multiple Choice

Use the figure below to answer the following questions.

Figure 3.5.1
-If the demand curve is D₂ in Figure 3.5.1,

• A)the equilibrium price is P₂ and the equilibrium quantity is Q₂.
• B)the equilibrium price is P₂ and the equilibrium quantity is Q₀.
• C)there is a shortage in the amount of Q₂ - Q₀.
• D)a rise in price will shift the demand curve to D₃.
• E)price will rise.

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Definitions:

Relief Carving

A sculptural technique where the sculpted elements remain attached to a solid background of the same material.

Stained Glass

Colored glass pieces assembled into patterns or pictures, often used in windows, to control light and enhance the beauty of buildings, especially in churches.

Tapestry

A weaving technique in which the weft threads are packed densely over the warp threads so that the designs are woven directly into the fabric.

Cross-Hatching

A drawing technique used to create shading and texture, consisting of intersecting sets of parallel lines.