Suppose That Initially, the Equations for Demand and Supply Are

question 41

Multiple Choice

Suppose that initially, the equations for demand and supply are Qd = 48 - 4P and Qs = 4P - 16, respectively.If the quantity supplied increases by 4 at every price (so that the supply curve shifts to the right) , the equilibrium price will change from:

• A)$8 to $7.50.
• B)$8 to$12.2.2.2.
• C)$12 to$8.
• D)$7.50 to$8.

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Definitions:

Lumbar Veins

Veins located in the lumbar region that drain blood from the lower back and abdominal wall into the inferior vena cava.

Hepatic Veins

Large veins that carry deoxygenated blood from the liver back to the heart.

Lower Limbs

The parts of the body extending from the hip to the toes, including the thigh, leg, and foot.

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