(Figure: Interpreting Market Shifts) the Graph Shows How Supply and Demand

question 49

Multiple Choice

(Figure: Interpreting Market Shifts) The graph shows how supply and demand changed between the years 2011 and 2012. The final effect is that

• A) only price rose.
• B) only quantity rose.
• C) both price and quantity fell.
• D) both price and quantity rose.

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Definitions:

Giant Pandas

A species of bears native to central China, known for their distinctive black and white coloring and reliance on bamboo as their primary food source.

Lions

Large carnivorous mammals of the Felidae family, known for their social structure, with populations primarily in Africa but also in parts of Asia.

Tigers

Tigers are large feline predators known for their distinctive orange and black stripes, native to various ecosystems in Asia and critically endangered in the wild.

Dolphins

Dolphins are highly intelligent marine mammals known for their playful behavior, agility, and complex social structures. They belong to the family Delphinidae.