Use the Following to Answer Questions

question 213

Multiple Choice

Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market for a normal good:

• A) supply has increased and price has increased.
• B) demand has increased and price has increased.
• C) demand has decreased and price has fallen.
• D) demand has increased and price has fallen.

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Definitions:

Second Continental Congress

A convention of delegates from the Thirteen Colonies that managed the colonial war effort during the American Revolution and adopted the Declaration of Independence.

Declaration Of Independence

A document adopted on July 4, 1776, by the Second Continental Congress, declaring the thirteen American colonies independent from British rule.

Treason

The act of betraying one's country, typically by attempting to overthrow the government or collaborating with enemy forces during times of war.