Reference: Ref 4-3 (Table: Equilibrium Price, Quantity) Refer to the Table

question 46

Multiple Choice

Reference: Ref 4-3 (Table: Equilibrium Price, Quantity) Refer to the table. If the supply curve for the product shifted to the right such that 20 more units of the good are supplied at every price, what is the new equilibrium price?

• A) $10
• B) $12
• C) $14
• D) $16