-In the Above Figure, If D2 Is the Original Demand

question 62

Multiple Choice

-In the above figure, if D2 is the original demand curve and the price of a substitute in consumption rises, which price and quantity might result?

• A)Point a, with price P2 and quantity Q2.
• B)Point b, with price P1 and quantity Q1.
• C)Point c, with price P₃ and quantity Q_3.
• D)Point d, with price P₁ and quantity Q_3.

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