-In the Above Figure, If the Demand Curve Is D₂

question 321

Multiple Choice

-In the above figure, if the demand curve is D₂, then

• A) the equilibrium price will be P₁ and the equilibrium quantity will be Q₂.
• B) the equilibrium price will be P₁ and the equilibrium quantity will be Q₁.
• C) there will be a shortage equal to Q₂ - Q₁.
• D) an increase in price will shift the demand curve to D₃.

---

Definitions:

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Success

The achievement of set goals, accomplishments, or the attainment of wealth, position, honors, or the like.

Power and Encouragement

The combined influence of authority and motivational support used to inspire individuals to take action or pursue achievements.

Leaders

Individuals who guide or direct a group in achieving goals and fulfilling objectives.