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

question 85

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 10 more units of the good are supplied at every price, what is the new equilibrium price?

• A) $12
• B) $14
• C) $16
• D) $18

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Definitions:

Foreign Species

Species that are introduced into a habitat where they are not natively found, often causing ecological disruption.

Endemic Species

Species that are native to and found only within a specific geographic area, often isolated by natural boundaries.

Climate Change

Change in Earth’s climate patterns; today mostly caused by increased levels of atmospheric carbon dioxide produced by use of fossil fuels.

Reptiles

A class of cold-blooded, egg-laying vertebrates with scaly skin, which includes snakes, lizards, crocodiles, and turtles.